However it needs a bit of work, but once renovated it's going to be the crown jewel in the neighborhood.

Under $20k, 2 units and roughly 70k in renovations.

I renovated the unit by replacing 32 inch doors to 36 inch and redid the bath so caregivers could nearly enter the shower area along with a wheel chair.

You may have to interview a few, but you should be able to find one that will lend you 80% of ARV on a construction/renovation loan. 

One property may have a 3% rent growth while another has 10% rent growth because the renovations during unit turns are vastly superior.

They are also in the middle of renovations from the previous buyers.

The regional has had multimillion dollar renovations, which have been very successful in drawing new people to the area.

There are a variety of different ways to do this; whether that be pursuing properties in need of extensive renovation and likely requiring cash to close, targeting properties with certain zoning that allows you to split the lot/add additional structures,  etc. 

If you are looking for appreciation of your asset then maybe its worth looking at the nicer area, just be sure that you don't over renovate.

I'm looking to renovate an old house on a piece of property I own in Stafford County, Virginia.