I'm curious what others have run into when comps are very limited. 

If the property was misrepresented in the sale documents, there could be grounds for legal recourse, though this might be more challenging after the rehab.In a similar situation, I’ve seen investors focus on maximizing their returns by operating within the legal limits (e.g., as a single-family or duplex) while still exploring long-term solutions with the city.

I can think of probably another 100 questions, but you get the idea.  

Great community to bounce ideas off of as I build my knowledge base.  

I have an idea for you, sending a connection request.

It'd be a good idea to work with lenders who have found their niche working with investors.

I am a co-host in Dallas and Waco, TX and I have an idea of what types of owners and properties I want in my co-host portfolio----and with each client/property I learn which qualities are working for my business setup or what qualities I need to be working on to upskill.

Additionally, his credit is not the best, and he has limited funds for a down payment.Any potential options or solutions that may be available?

And I feel the most limited sympathy for it.

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.