They might allow for a no seasoning rate and term refinance, but that would have you bringing your closing costs and and lender fees to the table.

They CAN foreclose if you stop making payments, It Costs a little more ($1500) to do a Wrap because a mortgage has to be created You become the owner in either situation In a Subject To you send the payment to the lender (servicer) In a Wrap, you send the payment to the lender (servicer) AND you send a payment to the seller.

The most recent comp to sell was 2114 Robinwood Ave, Toledo, 43620 which was converted to a Triplex and sold 8/4/2023.Ensure the purchase and renovation costs adhere to the 70% rule relative to the after-repair value (ARV), which is estimated at $250K for sound investment planning.

As the price on a 2000 SF house goes from $200k to $600k, there goes your SF $$cost from $100 SF to $300SF.....

This is n spite of it costing much more than that to add an ADU. 

Hi Lisa, As an investor, I have worked with all types of realtors, but for investment property I would say that you have to have an experienced realtor in investment properties or you have to have enough experience for the deal to work with.Experienced Realtor will help you with the contract (which in many cases are not simple), but most importantly with spotting issues in the property that could cost you thousands.Your concern is valid so it is important to sign a Buyer Representation Agreement, in which case the realtor has to work for you over his/her own interest (or you can sue him).The idea is not to sue them, but to make sure you trust them enough to work with them. 

Have you reached out to the neighbors about sharing the cost of the repair?

It was very outdated but had no major renovation costs.

I have been advising friends and family against investing here due to high costs and no cashflow for years.

Villas and houses are also selling and renting exceptionally well.As you may be aware, the Tulum and PDC markets are dollarized, but many soft and hard costs are in Mexican pesos.