@Michelle Ayala It sounds like around $7500 worth of repairs in what you listed, maybe more depending on quality of finishes.

That is who you should be speaking to and asking questions.

Are you speaking in terms of a live in flip or just a conventional loan product on a primary residence?

And is it of a quality and location that a Section 8 Tenant would WANT to live there - or would they just take it because it is all they can find before their voucher expires?

Where do I start and who would I speak with to make this happen?

If you're looking for appreciation: neighborhood quality, school ratings, crime levels, population changes, renter/owner occupant ratio.

My experience has shown a shortage of quality property managers, so you should be successful if you keep owners perspective at the forefront.

Most have a tenant rep broker they use and connect you up with them.Cap rate is usually tied to location ( urban,suburban,rural), location and quality of the tenants ( national, regional, mom and pop), and terms of the lease ( primary lease term in years, level of lease guarantee, rental increases, any termination rights, disclosure of sales, restrictive use rights, co-tenant anchor clauses,etc.).You need a void analysis from a landlord rep leasing broker.

I couldn't get out of there fast enough.It definitely make you appreciate the quality of life in the US.

In my PERSONAL OPINION and experience, of the 3 qualities that a real estate investor can have (time, experience, and money), I feel that money is actually the LEAST important.