If the average property sells for $100K in that neighborhood I would not put in Hardwood floors, Stainless Appliances, and expensive Cabinets.  

@Craig Gordon yes in this  situation you would be looking for a cashout refi.The only possible way to get 100% of the cash you put in via financing is if the property gained in appreciation because refi will do up to 80% LTV.

For this one, they created a permit policy for STR which does not clearly add anything of value on top of the permitting just put in place by township.  

Immediately put in credit card only.  

You will then be put in contact with the title company and schedule the closing.

If it was, would most want to put in the time for the rewards (rhetorical question).

Put in the effort, build relationships, prove your value, and improve your odds of finding someone to help launch you on your path.

So we are thinking put in 35-50k for reno.  

Because a C or lower property is usually at the absolute bottom of a PM's priority list, and there is almost no financial incentive for a PM to put in the considerable amount of work required to successfully manage a C or lower property. 

If you put in the work, there can be some big rewards from going direct to seller.