Some PM's charge 10% and 50% first months rent, some charge 8% and 100% first months rent, there are a ton of potential combinations.  

I have been running around to fix that and it will take another 6-7 months before the issue is sorted out and we rent it out.

We are considering asking them to move out for a couple of months at the end of their lease so that we can rehab the unit, then have them move back in this fall once we are finished.How far in advance of the end of their lease do we need to let them know this? 

You'll want to look for off-market leads in your area (Propstream offers a valuable list of leads such as pre-forclosure at only $99/month). 

We've got expenses dancing around $2-3k per month, a modest $10k stash, and a student loan payment ($725/month) the size of a small country's GDP.

It's the first Tuesday of every month.

Only a few months and the turned is just going to be some basic cleaning, or has he been in there for quite a while and you're going to have to do a full turn and that may take you how ever long turns take you (lost rental income)?

Within 2 months, the contractor had completed all the work, and brought it up to code.

Build a successful business producing monthly cash flow using the 4 hour work week methods.In the free podcast and book you'll learn:-Many ways to find buyers for wholesale and retail deals.

I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.