While I don't have a ton of money to invest, I'm sure lenders would be willing to finance projects if a solid tenant is committed to a site (signed lease, strong DSCR, the RE would obviously be collateral, etc.).  

There are some strong signs it isn't a 2.Ask them why they thought it was a 4 unit. 

I knew the area was strong and would appeal to buyers, renters and visitors alike so I'd have a number of strategies available.Initially, I purchased the property as a vacation rental, but after watching the market as I began renovations, I decided it might actually make sense to resell it.

@Gregory Cudzilo an agent might do this for you, especially if they’re new and hungry, but from the other comments on here about the market being a strong seller’s market, the likelihood of success shotgunning lowball offers will be low.

For my specific market vacancy is low due to the strong demand for housing, but it really depends on the market and the quality of the neighborhood.

WE ARE NOT ACCOUNTANTS, so any discussion about our tax strategy on this one is based on guidance that we have received for ourselves – we strongly suggest that if you are interested in understanding these strategies that you consult with an accountant.Issues: we did not understand the financing structure for this transaction, our purchase price was $60,000 and our lender agreed to finance 100% of our renovation, but in order to do so they increased the amount of cash we had to put into the deal from $30,000 to $44,000… Normally this would not be a problem BUT since we purchased 44 Blanchard St. all cash, we definitely felt cash flow pressure.

Most investors from outside the area aren't aware of just how strong the underlying fundamentals are here (which is great for us).Shoot me a DM and I'd be happy to share some resources that will help you understand the Twin Cities market a bit better.What niche in particular are you thinking of pursuing?

Finish the semester strong, then make your decision.

An area may have a strong history of appreciation and I think this Covid situation has shown that situations can change dramatically.

Somewhere you are somewhat familiar with that interest you, and 3. a strong market you are interested in.