This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

This advice is also assuming the deal is turning off some kind of cash flow or at least drawing even after all expenses.

I think this discussion becomes a lot more nuanced on single family homes because they typically are situationlly turned into rentals like yours in nicer areas.

My wife and I just bought our first condo over the summer and plan to turn it into a rental later on down the road.

In 2020, we just had a property turn. 

Repurposing citrus groves into SFHs is a smart move...turning underused land into vibrannt communities.

One of the turn key companies that I found through bigger pockets doesn't have properties available in the areas that this new company I working with could potentially set me up for.

This is where I called BS and turned off the video.

Because as we know not every property will be turn key. 

., turning a residential property into a commercial property)-Temporary Structures-Non-Residential Buildings (e.g., barns, stables)FHA 203(k)Minimum Down Payment: 3.5%Minimum Credit Score: 620Minimum Loan Amount: $50,000Maximum Loan Amount: $524,225Occupancy Types: Primary Residence ONLYUnit Maximum: 4 UnitsAcceptable Renovations:-Structural Improvements/Reconstruction (e.g., adding rooms, bathrooms)-Cosmetic Enhancements-Eliminate Health and Safety Hazards-Energy Efficiency Improvements-Major Landscaping (e.g., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.