Look into a Fannie Mae Home Style Renovation loan, or an FHA203K.

Age of systems and major components, upcoming repairs, any zoning/legal/environmental issues, years left on the leases, reason for selling, surrounding area and potential to find new tenants at same/better rents, lease terms (who pays for repairs, taxes, etc.) etc.

It was a similar ranch style home as my previous flip.

Hi Aj,I bought a condo style townhome in Manassas which fits that budget that works. 

The 2 bath has 70s style tile in each bathroom around the tub, shower, and sinks. 

Clearly, a property with poor visibility filled with a lot of mom and pop, non-credit tenants will trade at a higher cap rate than the primary retail corner with all national credit tenants.Your phase 1 is important, and may require a phase 2, if there is any indication of environmental issues.  

So called environmentally friendly power generation systems have a place - but we shouldn't place our main power generation into these type of systems until their reliability is more of a fact and less of a promise.   

It's an unconventional method but seeing as it's a personal connection, it can be done differently than a traditional style BRRRR.

Bring your best fixer ideas to life as you update, repair, & improve this home to fit your style.

Does anyone have practical experience using Ring style cameras or competitors?