@Daniel Smyth there is actually another unit on the same line on a different floor in the same high rise for rent available now, not the same condition, but the current tenant is not willing to move out and i don't think it is a question of availability with her. 

With that said, cash is the more common first step because many properties with the most BRRRR potential are not in good enough condition for a bank to approve a traditional mortgage on in the first place.

I doubt the condition of the home would allow us to get much more than 170k but not sure what to expect in this market.

You will likely spend less time analyzing deals going forward.I don't know how much time you are putting into your W-2 job, but if you are putting in that many hours that you don't have the time to take care of your own financial freedom, you may be with the wrong employer or wrong industry.With that said, you may want to consider these options if you truly don't have the time1) Work with a vetted syndicator2) Pick a market and work with a turnkey provider3) Buy a house that is in turn-key condition and have a property management company manage the property.Best of luck!

The question I have is they left the unit in very good condition. 

Maybe you want a different split or a different set of business conditions. 

You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

Tim,Insurance Carriers will often limit coverage or not offer to renew coverage if they think that a claim or condition could signal a higher probability of a future loss. 

I see information/data indicating people wanting to buy a home are discouraged and as many as 70% won't buy because of current market conditions. 

Recently I did a job in the Pearland area I manage to have a conversation with a customer and he is interested to sell his house, is a two story house have 3 bedroom, and 2 baths doesn't look in good condition, but I think this is a flip house, also the customer just had it install a Furnace and a new water heater. the customer happily provide me with his phone number and his address.