I'm going to give it a full 6 months of use before I pass a complete judgement on it. 

And once I finish the due diligence, my work is done: it's completely passive.

What’s your timeline for completing the refinance?

This will still qualify for a residential mortgage and you have a better shot of completely offsetting your entire payment.

@Tanner Davis If you want to pursue either a fix/flip or BRRRR strategy, it sounds like you might need to find a partner/investor that knows you well and believes enough in you as a person to invest money in a project. 

On the complete team thing. yes it does exist BUT it's VERY rare. 

You can recast the vision at any time, completely reimagining what you want.

I just need help on finding a path to get my hands on the capital This sounds like an incredible opportunity, especially with your uncle's experience and willingness to help you get started.

That all sounds horrific, but how do you inspect the property while at the auction? 

I completed it in 2017 and 2018.