While some lenders may offer it, these scenarios often require near-perfect alignment of high DSCR ratios (1.2x+), excellent credit, and property cash flow projections that are difficult to meet with this leverage.

I would recommend saving $30-35k or partnering up with another investor if the goal is to buy an investment property.

Thank you again for the guidance—it’s really helping me build a clearer strategy for reaching my goals! 

My cost wont necessarily be the same or comparable as I GC my own projects and have trade skills.

For the contractors, there are always going to be ones that have you already saying yes to stuff and will just continue to send crazy change orders, and when they do that is when you stop the project and go elsewhere. 

It’s worth looking into now to get ahead of it, but also depends on your comfort level and goals.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

My goal is to hold on to this property for the long haul.

If you approach the conversation by first finding out their goals, then you can back into a strategy that will work for the both of you.

Do an actual tax projection first before jumping to conclusions.