For long-term growth, consider newer single-family homes in high-appreciation suburbs or well-located small multi-family properties.

Just remember, Real Estate is a long term investment and you are ultimately enjoying the appreciation and principle reduction. 

Many Naive subject-to first timers think that as long as they make the payments, life is good.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).

There are couple more but that will take too long to detail. 

Wishing you success on your first flip and beyond!

Strong agreements that protect your position in the deal, and recording a Memorandum of Option with the county will go a long way to protecting your interest. 

Thus it's often more profitable to find long-term tenant than squeezing out every rental dollar you can. - RentReady repairs & vacancies between tenants can blow any projected ROIs.2) Warren Buffet - go where others aren't.

would get estimates and see how long to recover the money and your long term plan for the property