The next steps will involve accurate construction cost estimates by a licensed contractor (or two) and connecting with a lender (possibly current local bank) for construction financing.

We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs.

I'll be asking the tax office tomorrow as well when I go to research the properties, and anyone who will give me the time of day at the auction - even if it costs me buying their lunch and a couple drinks😂.And with regard to the rules/law, that's what predicated my initial question, it's so simple and clear I assumed I must be misunderstanding (quite the paradox). 

No upfront cost. 

Partner Driven financed the Powder Branch Rd deal using its own capital, covering the $165,000 purchase price and $35,619 in renovation costs.

Partner Driven financed the Oak St deal using its own capital, covering the $275,000 purchase price and $67,150 in renovation costs.

I'm not sure what else to do, but we have a month before the new tenant moves in and we'd like to get something done that is cost effective (not tearing out the ceiling again :).

The cost is at least a big part of it.

Partner Driven financed the Beaugard Cove deal using its own capital, covering the $142,000 purchase price and $40,000 in renovation costs.

problem is now a days with inflation and overall costs travelers tend to want to save money.