., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.

I don't know how complicated that process is.For single family, I have looked at loan assumptions, and currently, what the new home builders in CFL area are offering seems like the best bet, if one can do a primary residence.I would love to attend a CFRI meeting, I will reach out when I am closer to returning back to Orlando from my current trip.

As an experienced investor having access to cash with minimal restraints, regulations, complicated rulesets, and fees is very important IMO.  

They pick me up, drive around the block, do the exchange and drop me back off hahaha Too complicated bro.

., you’re complicating the matter it seems, unless I am misunderstanding.

Condos have extra complications with 2nd home loans since a lot of STR communities end up being "non-warrantable". 

Some creative strategies will allow you to get it to 10% down but the more complicated or more expectations that are needed push the loan to higher rates.

Gain trust by following through on a deal or 2 without complications, and NEVER back out of a deal once you put it under contract.

Itś more complicated in the African American Community.

Hello all - this is a complicated situation (at least to me) and I would like some advice for any other experienced attorney's and real estate investors.I have a 21 Unit portfolio under contract, that is in pre-foreclosure and I am buying it at a good discount.