If I were you, I would investigate doing it myself.

I think you need to work through this before you consider implementing a private financial improvement program like the one you're describing.

Sounds like a case for a small private loan, right? 

If you can't swing moving in then I would look to get private money for the renovations.

My cash is tied up in other properties at the moment so I wanted to fund the downpayment ($60,000) with private money.

Good info/facts on cap rates that at least help frame the problem. https://www.calkain.com/research_reports/net-lease...After some feedback from the small business forum on Reddit and some more investigation  this is where I'm at: Biggest risks are over paying for bldg and zoning from town.

Any reputable private lender / hard money to recommend in the New Jersey area? 

My employer gave me shares of company stock (company is owned by private equity firm, not publicly traded).

I would try to secure private financing or get a partner, otherwise.

We have a private money guy in Florida that wants to pull in some of his friends for our Florida flips.