My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

@Paul LucentiYour journey shows the power of learning from past experiences and refining your strategy.

My strategy would be to target properties which are most likely of the owner NOT redeeming.

@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. 

We still use the BRRRR strategy in Jacksonville, FL.

It helps to build a good network of reliable contractors, especially if you’re investing out of state.Section 8 has been a part of my strategy, and while it’s not all rainbows, it’s been a solid way to build consistent cash flow.

My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?

If you are considering buying using Subject To - Subto, it's important to know what your exit strategy is.Talk to a mortgage broker (not a bank) and ask if that is a property you will be able to get financing on in the event you have to refinance quickly, because the Due On Sale clause was called.AndTalk to a real estate agent about how much you would have to bring to closing in the event you had to sell quickly.

That's a dangerous strategy, and one most would advise against.

I'm looking to purchase a single family home as an investment property (buy and hold strategy).