2) Should I close and renovate before financing, assuming I have the resources. 3) Assuming again that finding a commercial tenant will take a while, should I at least wait until filling up the residential tenants?

Purchase price: $65,000 Cash invested: $22,000 Bought this deal off market in 2019 from a fellow investor using a private money loan for the purchase price and my cash for the renovations.

@Greg Todrank- Get the police report before you start the renovation, if possible. 

Has the property had any prior repairs or renovations?

It was an inherited property, the started to try and renovate, and didn't complete it.

Thanks guys, place lacks decent pictures right now as I’m waiting to renovate, hoping to generate more leads once that’s done and I have new pictures.

One unit is better than the other which I believe will need the majority of the renovation work.

I didn't realize how much money I would have to put away to renovate and, when tenants turnover, the cost to renovate the units.

Didn't get an inspection report, big mistake, a lot to renovate.

Well, first of all, your lease was over last September, your rent is somewhere around 66% of market rate right now, if I renovate I stand to gain at least an additional $400 NOI above-and-beyond what you pay, and then of course, there's always the facts that YOU'RE A DRUG ADDICT, THE COPS TOLD ME TO GET RID OF YOU, AND YOUR BOYFRIEND SKIPPED OUT OWING ME TWO MONTHS RENT."