I will probably sell at that point rather than keep and rent out, so I can put the proceeds towards a down  payment. 

And for anyone who says we have bad contractors, consider that every builder has a construction manager, who does nothing but keep jobs moving, coordinating between trades and monitoring quality.I am a die-hard real estate investor, so it takes me quite a bit to say this: given the remote burden on your ROI, maybe an S&P500 index fund will deliver you better returns for much less headache?

Fools investmentThere's a fire- cannot rebuild and investor loses everything; owner ruins his credit; injured tenant sues everyone; everyone broke.Lender calls the loan- everyone losesPaying down a loan does not reduce a payment, this is not a HELOC so that part is not math.There is zero equity to loan on, no one will loan on this.What would buyer have to do to convince a poor elderly person to take this risk- scare them, threaten, lie?

Typically forexlosures are worth a lot less than appraised value especially if vacant because amount of repairs can easily be six figures

The product appears to be more than just a coating as it goes on in some depth, then hardens into a seamless layer. 

I did a 6% rent increase  ($90) for 2023-2024 and did a less than 2% increase ($30) this renewal 2024-2025.

I am happy to answer any questions and/or help you find the perfect property.

I want an actual full credit report. 

Right now in this market the first sale (underwriting) can be a LOT harder to make on older buildings than the second one (to you the buyer) lol. 

For example I have a small cabin perfect for couples.