House was extremely dated and had structural framing issues in which we negotiated the price down substantially.

Purchase price: $86,500 Cash invested: $232,500 Sale price: $375,000 House was extremely dated and had structural framing issues which we negotiated the price down substantially.

@Mike MendezPutting less than 20% down on an investment property is an extremely bad idea.

Any advice would be extremely appreciated.

Based on what I heard from STRs in China (only country currently relaxing restrictions), generally it is extremely tough even after things loosen up for following reasons:1) No international travelers - By summer or even fall, most countries will likely continue to have travel restrictions2) No big conferences or concerts or large festivals - Nothing is planned for at least 2-3 months AFTER lifting of restrictions.   3) Not much business travelers- Business continue to discourage business travel due to liability concerns.  

I have a feeling we will see more and more of this even though the market is still extremely low inventory.

And it's extremely rare that I have enough equity built in to refinance.  

So I have been cold calling.

I found this property cold calling owners in search of 2-4 unit rentals.

Found cold calling multi-family owners and caught this seller at the right time.