Raw land is really the only property around here that within my initial budget ($150k range).

After our initial home inspection was done, we found baiting systems place all around the house, but the seller seems to have no recolection of who installed them and/or if they even have an active warranty/bond/service in place.

If you buy right (get a bow market deal because it needs some work) and planning to BRRR anyway, the money you were going to use to tackle your loans can get you a investment property, you fix it up, increase its value, get it rented and then refinance after 6 months and get back most if not all your initial investment back.

Property is in a rural area, so not many investors in the game there, but also agreed on it being strange to still be on the market.Good point - I think those initial repairs would have to go into the initial investment, not budgeted for capex. 

The initial question is one we would all like answers too but you can’t force anything, especially numbers, so if you take a loan with the risk of running out of cash, you’ll be without a paddle up ***** creek and your only luck is depending on someone else.

I had a rental that was initially my home and it came with chocolate carpets. 

But if the cash came from equity in another property, the lender may insist you use your new loan to pay back your initial one.

We spent the weeks before Christmas kicking ourselves for not taking their initial counter.

They have approximately 30,000 they can afford to put into the building for an initial cosmetic fix and getting units rented. 

Initial tenants were all students, so I used a co-signer agreement for parents to protect against non-payment.