That process doesn't work if you buy a nice house with a maximum LTV conventional loan because you've done nothing to increase the value.

@Vijaianand Thirunageswaram Nice job!! 

Nice.

I would say most people are expecting to pay more than that for a nice rental.

Hey @Christian Beebe100K in cash has you sitting pretty nice with a bunch of opportunities ahead.

PM makes or breaks out of state investing.also decent inspections of the properties prior to close and addressing major issues. not talking about an inspection report and have to do everything NO one can do that or should expect it but major systems should be all in place and functioning with nice lifetime left on them.. 

Usual upgrades are LVP flooring in all common areas and bathrooms, neutral tone paint, paint the cabinets, new lighting and fixtures, and stainless steel appliances, which I really believe makes all the difference in the world with C-class apartments.  

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Nice to hear from you.Hope all is well.

I'm sure it differs based off of the area of town but the property I am looking at is in a nice residential neighborhood in South Asheville and is a duplex.