Really appreciate all the feedback and support, an update on the property, i've gotten current Cap Rate, unit by unit rent breakdown, and even better found out the property is not rent controlled. currently working on formulating the project to present to private investors but i dont have private investors!!!

If you buy and renovate I would try to find a Private Lender if she does not want finance that would include the funds for the repairs/rehab.. 

I am still learning about REI (a little late to this party, I should've been learning about it much sooner) but it seems like OOS would be our best bet for monthly cash flow. 

Raise another 50k of private money.

You can get all the private money that you want or at least however much someone gives you.

Our first flip we did with our own cash and some private credit lines that we had available thru a credit union and a couple of different banks.We seriously spent just under twice what we thought we would and ended up taking several months longer to sell than we hoped. 

Met a bunch of people in real estate and now function as a private lender.

I bet you’ll get it fixed ASAP!

Your best bet is probably to call a bunch of banks until you find one

(That would be fantastic.)Is there a limit to the amount one can borrow on investment properties in traditional loans as opposed to private or HML?