Purchase price: $132,000 Cash invested: $3,960 3BR/2.5BA; 2076 square feet two story with the master BR on the main floor.

One main thing I’m questioning is if I should upgrade kitchen with new appliance and hvac system.

@Harry Walker and @Ryan BlakeYou're correct, there is a lot of confusion here on BiggerPockets about wholesaling and one of the main reasons is people use the wrong terminology which makes understanding impossible.Just here, you're already talking about 2 very different types of transactions.1.

If so, depending on the location you may be able to get a Freddie Mac SBL on it, which is like the holy grail of debt financing right now.

We're 50 and want to be free of mortgage debt.

(The HOA is the main turn off)I currently have a small window of free time daily between hours on site and the commute.

@Sanjoy V.A deal that produces healthy returns with long term debt in this market shouldn't give you valuation trouble in the future.

Main reason would be to diversify and consider other markets where the $/sq ft is less and laws are more landlord-friendly while still cashflowing.

I'll find the main electrical panel and take a look.

Is cash flow Your main strategy and, if so, then why a 15yr loan?