Most associations will have a due diligence package that you can receive once you go under contract.  

Say for example it's a $1M package to buy/renovate, we would need $300k equity plus some working capital.  

I've looked at several offering packages; but I cannot figure expected cash flows.

Maybe package the linens for more accountability I find that has helpednathan

I made sure I was not spending on things I did not need, I then open a new bank account with a small local bank and got a part time night job as a package handler, all that money is going to that account and I am not touching it, hope this helps, it will be hard work, but I am sure it will be worth it, if I find a better way I will let you know, hope this helps.

Replacement cost is much better than ACV, and the DP3 has this type of protection.Loss of Rents Included in the DP3 PolicyThe standard DP3 policy in the United States comes with a similar package offered by home owner (HO) insurance policies.

Quote from @Austin Pitman: I can't tell from your post, but have you downloaded the Landlord Lease Package? 

Both properties have been on the market for over a year and I feel like this could be an opportunity for me to get both as a package deal (which I technically have to) but possibly at a very discounted price.My question is: how should I go about putting in an offer and what do you think I could negotiate to get a more profitable deal?

Packages being stolen have become a big issue with a Ring or Nest your tenant will have a better idea when packages are received..

Make sure every thing else in your lender package is dated 91 days or more after the recording date of your purchase.If an underwriter has any knowledge of the transaction being put together before the 91 day mark they will kill the deal.3.