Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

Our goal is to help tackle this crisis by rehabilitating one unit/block at a time.

For example, needing a driveway/access point off a State owned highway is something to be discussed immediately.

And then everyone can make their own judgement with the information presentedThat's what makes our community here so great, the diversity of experiences and opinions, and allowing anyone free access to see and participate in the discourse and make their own opinions!

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

Theyre difficult to deal with at his point; not allowing access for capital repairs.

Of course, if you have access to leverage that works, the deal will be even better so read on.b.

IMO, only worth it if you have access to enough capital to scale your efforts, though.Can't be compared.To do well in the lending game, in addition to controlling your risk and what others have mentioned, you need... 

If not, selling the house to an investor could be quicker to access some cash. 

You will likely need access to six-figure cash or loan to execute your plan before your long-term financing.Can you piggy back on the seller's bigger project?