San Diego hotels trade for well over $100,000 per key right now, unless you get into the 30-50 room exterior corridor "fixer-uppers". 

(Unit 5 is a loft that is above the two upper units.)

The upper unit is a 2 bedroom 1 bathroom on the top story.

This May mean you lose the deal but I would rather lose a shady deal than buy a house only to find out several rooms are in utter disrepair.Is this a fixer-upper or something you hope to do light rehab and immediately rent out?

You can not just continue to refi because houses are primarily valued from a comp sales approach rather than the income approach so you have an upper limit to what you can pull out and when.  

I found a fixer-upper property that it use to be a home daycare in Moncton, NB.

Just curious about hearing how one has or May handle buying a property that needs work and then you find out you have to just about build the house over or even to the point of a complete tear down but you wasn’t prep...

And now, We are actively looking for condo units or possibly expand to townhouse/small multifamily on Upper Manhattan - NYC.I came out with BiggerPockets through youtube research.  

And now, We are actively looking for condo units or possibly expand to townhouse/small multifamily on Upper Manhattan - NYC.I came out with BiggerPockets through youtube research.  

We have been living in the lower unit of the property since closing and used every second of extra time to fix up the upper unit.