Explore options like renting the property as-is at a lower rate, investing in repairs for higher rent and better tenants, or selling if repairs are extensive and tenant hassles outweigh potential returns.

What concerns me is that net profit turns much lower than I expect and I have to pay way more out of pocket for so many years.

This lowers refinance options.

Many investors from the California area buy residential homes locally but invest in the mid-west because of the yearly cash returns making more sense in these lower priced markets.

The basement of the property can only be accessed through the lower unit which is 1 bed/1 bath.   

As is normally the case, the construction period rate is adjustable and tied to the fed rate with a lower rate once the loan resets as a permanent loan.

We are talking about persistenant, high levels of increase in value.  

., if they're the selling agent or own the construction company, etc.)If all estimates go to plan, then the 55% net profit should provide an 18% annualized ROI for the $1M, but likely lower.

I'll echo that most of these Midwest markets that skew toward lower purchase prices are similar.Areas can be hit-or-miss and you need to really understand the risks and potential rewards before making the plunge.

We are using go high level and like it.