There aren't homes that have sold recently in the area.

So if somebody owned a 1 Million dollar rental property and sold it outright, they'd pay cap gains on $1M.

THIS MEANS IF A LIEN IS FILED YOUR PROPERTY COULD BE SOLD AGAINST YOUR WILL TO PAY FOR LABOR, MATERIALS, OR OTHER SERVICES THAT YOUR CONTRACTOR OR A SUBCONTRACTOR MAY HAVE FAILED TO PAY.

So you'd need to have around $400k in cash to take this property down, and even if you sold all your stocks and liquidated your 401k, you still wouldn't have enough to come up with the down payment.

I want to become a private lender for a buyer of a condo in Orlando.

We are going to purchase multi-family properties but we are waiting until the house is sold.

@Anandakumar Elumalai  Just sent you a private note.

Rehab using private money, personal money, or family money, etc.3.

In short, I'm a private real estate investor.

@Darryl JacksonHow much you need can depend on many factors , the purchase price of the home , the rehab costs etc.Also if you are going to pay all cash or leverage ( hard money or private money loans etc ) If you don’t own your own home I’d suggest doing a live in flip or house hack as you can take advantage of low money down loans like an FHA loan for 3.5%Many people have used this as a way to start out and gain equity that they then use for other deals .It’s possible to do deals without your own money if you do a joint venture type deal but could be hard to find someone to partner without experience, might have to give up more than half the profit but still better than no deal .