The rental income is approximately $4,000 per month, but every bank I’ve spoken to only allows me to borrow up to $300,000 against the property.

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

I'd estimate the current value of the property around $1M. 

The financial and social extent of this disaster (initially estimated at $50B) is underestimated by at least 5-10X.

For costs, if you're an investor, you can probably do a video walk through to get a ballpark estimate on rehab.

If you are able to lock up deals and you mess up the repair estimate (like most wholesalers), no one is going to buy it and you will be buying too high.

/Have you been inside the property and walked it to do a full estimate of costs?

To estimate expenses, consider setting aside a percentage for management fees, plus costs for cleaning and utilities.

I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.

However, if I sell I won’t have to pay out of pocket, in my 2.5 years I have paid down and my property has appreciated enough so that after all repairs the realtor estimates I’ll make 50k.