A side benefit is the Roxul (rock wool) insulation helps with sound proofing ... we have even begun putting it the walls surrounding washrooms and laundry rooms when we undertake a deep renovations.

In Orlando, $40k is going to buy a renovation project that will make a good lower end rental after renovations.You may wish to look in the mid western states.

I also plan using wholesaling techniques to acquire more properties or sell the ones that do not fit as a good rental.Ive owned my own home for 15 years and have done major renovations by either myself or as a general contractor.

I purchased a home and began renovating it while I stayed with my step-father.

I have a home in NW Oklahoma City that needs a full renovation.

Here are a few terrific examples that were completed in Billings:  Historic Renovation. 

We recently renovated our office.

Private money or partnership is always an option if you have that kind of spread and doesnt need any renovation. 

Estimate immediate renovation ( upfront cost ) ?

Finally making some headway.  Historic Land Use Review process in Portland was PITA, but we settled on a great design and I'm happy with plan.  Four layer roof tear off is a hot mess, literally.Framing/MEP inspections...