Her deep knowledge of the market allowed me to identify properties that were not only viable but held substantial equity potential.

@Mann Phan When you went to buy you should have done an analysis of a few things; market for property value basis and market in general - rental market and viability of that - CAP-X, to assess exactly where everything in the structure is at, how much life left, and formulate what impactors are potential to come and how soon. 

@Myrtle Mike Thompson hit in on the head.we did around 145k in our two beach houses this year but we bought two 4/4's for $570k that are worth around 1.2mm right now and used mostly cash, leverage of around 200k from a portfolio- total on them.deals are out there but in my opinion you need a good realtor for boots on the ground and insert yourself into the market your looking to buy.

What are the market rents for both units?

We invested $20,350 in strategic renovations to enhance the property's appeal and market value.

I don't have as many tips for solutions mid rehab, but I do know that most, if not all, of the very active investors that I know have established relationships with 2 or 3 lenders that specialize in programs that match their strategy and have an agent or two in the investors target market to help them find more deals without having to put much work into finding them.

I don't know anything about the Richmond market. 

Thank again I heard the market is still steady so maybe someone can advise better on it. 

But of course, this all depends on your market and what your guests are looking for in 2- or 3-bedroom properties.

PLEASE NOTE: I want to sell by mid-October and with current market volatility, considering renting for a year if necessary and listening as Rent/Sell.Upsides to RentingLuxury condo that presents well, in a growing neighborhood that should appreciate well.3.375% 30 year fixedWilling to hold long termDownsides to RentingNon homestead taxes will be 14K Annually!