My questions may seem simple but I fully understand its complexity: what is the best way to make this happen, what direction do you recommend for the refi cash out, what strategy to utilize to help guide me on this journey of educating myself and building confidence through working in notes and multifamily acquisition and ownership?

Bonus if it can be turned into an educational how-to guide.The resident can either pay out of pocket for any work needing to be done, or they can let the GNA cover it in exchange for direct principal payments off the original market price purchase.Make a simple guide to what needs to be done on a regular basis, and establish a plan for what the resident can handle, vs what the GNA provides.Create synergy with kids and grandkids to accomplish common/ regular tasks.Opportunity for daycare/ day camp, or even homeschool type services.Opportunity for future continued business partners to take over living on the residence.Preferred scenario, resident pays for material and professional labor, and the GNA provides cheaper labor for easy tasks etc.Residents may pay part of the labor cost, but ideally if the GNA has cash to pay internal employees, then those costs get applied as principal payments.Explore options that let GNA employees trade time for ownership of that specific property, instead of traditional pay, or use it as an overtime bonus.Find ways to incorporate local artists and craftsmen, and make unique projects that incorporate the story of the house as told by the resident.

Looks like you were able to keep it to simple cosmetic updates.

Doesn’t take a lot, of no existing liens then it’s pretty simple.

The bathroom is very basic / simple as well as the kitchen, so could perhaps modernize those a bit.

So my real estate story is simple.

All that said, if you're considering being a buy and hold investor, perhaps start with a simple BRRRR project just to get your feet wet and see if you like it

@Moni Pierre This should be a simple question for your agent....talk to their broker if you don’t get a clear answer. 

It is simple trickle down economics.

Get a website, make it creible, drive traffic to it, and work on SEO.Most of the motivated sellers I get are NOT in forclosiure, are NOT 80+ years old and their houses do NOT have tall grass or are boarded up.Most of my motivated sellers are simple from normal people that want an easy way out without having to go through an agent PERIOD!!