I have discussed this with my contractor and he says that to go over it with vinyl is the best thing (the sellers have just painted it but it is crumbling in several areas) and that he has to wear a full respirator setup like he would for lead based paint abatement or other hazardous materials but just screwing into it doesn’t disturb it so much that it is too much of a problem.

It will lead to less cash out of pocket even if their LTV's might appear lower than lenders who do not capitalize the interest reserve or finance settlement costs or origination fees.

Also, its very difficult to make ground up development pencil in an area like Port Richmond, even if you were to self perform due to construction costs and current cost of financing. 

Hey, I know it’s not really answering your question directly, but I’ll give you my take.  

@Samuel Metcalf- Most HELOC lenders  only lend on primary homes ...the  few lenders that do HELOCS on  rentals will likely have a low  CLTV   ( and a high margin over prime  which will lead to a rate in double digits ) .. check  with the banks / credit union located close to the property  and  also maybe there will be some feedback on this thread  pointing towards lendign sources that might work 

Hey @Daniel Vargas, We market the entire Florida Estate through our PPC campaigns but rarely get any good leads from south Tampa.

You can also reach out to Wealth Management advisors who have clients who are cash fluid that are looking for good "All cash" deals.I would also reach out to probate attorneys who handle a lot of clients who are getting ready to get a lump sum cash and need a direction to multiply their liquid reserves.When a buyer pays "All Cash" they can get 80% of their money back same month No waiting - No 6 month seasoning.

Especially if you are actually in the park (ie Peninsula), or directly adjacent. 

These are all topics that will give you a leg up on flipping homes, and will translate directly to becoming profitable, faster.

Other tenants were responsible to mowing, some hired it out other cut the lawn them self.