@Irwin DominguezCan you upgrade the room with your own contractor for less than $160k and still be in the pool?  

One flip I did, I priced with the comps but they were about 4 months old and the market had already went down so the home ended up sitting for a lot longer than I would have liked.

I done a personal loan in a couple years but I didnt even have to show paystubs on some of the ones I've done. 

We collect rent monthly, so usually that doesn't require any refund.

They usually have higher interest costs and a balloon payment. 

I've looked at a couple of large complexes there.

It is usually done at the same time, but will involve asbestos testing which can get expensive.Big question is - why not just leave well enough alone?

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

In cases like that for homes, they will often work with the occupant and usually lower the bill to more the normal usage.

If you need guidance or have questions about getting started, assessing deals, or financing, I’d be more than happy to help.