**Modern Amenities and construction standards:** New condos typically come with the latest features and amenities, appealing to high-end renters or buyers.

There are plenty of dated condos in my town that cost between $275-350K which could easily use $100K worth of renovation.

Hi Kyle,There are options out there for constructions loans for investment properties, although they typically require experience.

You may also want to find out what your condo is worth to see if you would prefer to cash out now.

Investing in real estate in Cleveland, particularly with a budget of $40,000, is an option worth exploring.

A big one for me is I just decided I needed more bedrooms than what I can typically find in a condo-hotel (I have 4 kids).

Bad neighborhoods typically don't house the best tenants.

This doesn't make sense because there are so may costs to refinancing a property that, when you do the math, depending on how much your property is actually worth, the monthly improvement in cashflow does not substantiate the costs to refinance. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth. 

The hassle is not worth the pet rent for us.