You don’t want to find a great deal, perhaps requiring a short timeframe to close, and have to scramble to find money.

A lot of lenders will even require that a tenant is actively in the property in order to close on the refinance. 

There are exceptions to this (like Ariel Dunes I or Calypso Towers with very specific lenders), but just be aware of the possible financing requirements when you're considering the condo route.  

Here in Philadelphia the city requires EACH of your rental units to be lead paint tested & certified every two years.

AND, this deal would require me to deal with tenants of lesser means than DC as well as commercial tenants and I have no experience with those two aspects of landlording. 

No rate buydown, 3 year prepayment penalty, no seasoning required with verifiable rehab.

STR's can generate a great return but require the most effort. $600k is a lot of money.

Most lenders will require a 20-25% DP on the four-plex in Cinci. 

However, promoting a $35,000 West Side Home in a disposition effort has proven challenging as:-Access is restricted until final walk through before closing-A non refundable deposit is required (required by dispo company)-Only pics of the outside of the home-Home will be vacant at closingThe home looks decent from the outside & allocating for a full rehab on an 850 SqFt SFH, home est. retail value after reno around 150kLooking for thoughts of other investors & or realtors on this one as I thought this one would fly off the marketplace....  

@Brett Dudley Since we are so close to the end of the tax year (Jan - Dec) one of your biggest challenges will be meeting the material participation requirements.