@Noel R.What you are discussing is kind of possible.You and your business are disqualified parties to your wife's retirement plan. 

I need to get to know some contractors for sure.So I’m kind of looking to move to a warmer climate my wife hates the cold, so I don’t know when and if we will move, but I didn’t know if starting to invest into a rental before we move would be a good idea or not?

Also, you could try to speak with the current owners and see if they would allow you to do some kind of seller financing.

I bought the condo in 2011 when it was common to see properties for less than $100,000.

If you're getting recourse debt from a local commercial lender they often will allow you to roll rehab into the loan up to a certain % of appraised value.  75% LTC is fairly common for that size asset, assuming debt coverage is adequate.   

.), common electric, water/sewer, garbage fees, tolls/gas/mileage, your time, HOA, etc.

@Scott Morongell Thank you for your response and thank you for your kind offer.

I'd like to pose a variation of this common question.

@Nicole Hoss what source do you use for turkey investing and what kind of returns are you seeing (and which area?) 

They don't have a plan, they don't have their financial affairs organized, they don't have their team assembled, they don't know what kinds of properties they want--that's right, they don't have their poop in a group.