But I’m cooking to make them into medical student (residents) or travel nurse homes. 

For those that love their spreadsheets, I do not want to lean into that.

There is also a common use roof terrace of another 3000 sf.I got into a mess with my other investments so now I have to exit the project to get cash.I'd hate to sell it as an empty lot.

After 3 years of VRBO doing 50/50 splits for payments, I've run into 1 issue of no payment before checking and the guest promptly paid. 

The property is outdated but rent ready and I wouldnt have to immediately put anything into the property besides down payment.

Sure you can rent the equipment and do it yourself , but Its back breaking work . 

I'm in the process of moving each of my properties into separate LLCs to segregate them from each other.

Hi all, I am looking to get into real estate investing with low funds and the ability to spend around 2k a month on the business.

The property is outdated but rent ready and I wouldnt have to immediately put anything into the property besides down payment.

Second- No way would I refi back in to FHA unless you have no other option.