I believe you need to spend an equal amount first before the loan is given.

But more realistically because I don't want to spend that much, Stone mountain or maybe end the West End area since it seems like its getting cleaned up some.

There are fewer properties available so many properties on the market are carrying higher risks for less reward.If you decide to invest out of state, make sure you spend a lot of time discussing renovations, management philosophy and housing location.  

I'll say this for now...I'm selling off my SFR portfolio and (assuming all things go as planned) will be spending slightly less on the MF and increasing my NOI by more than 30%. 

If 15k is your starting budget I would try to find hard/private money for the purchase and your funds for the rehab to show you have skin in the game. 

Kyle Baron In many of these instances you will spend more $ chasing down what is owed.Many people who flake like that don’t have a lot of money and as the saying goes: you cannot get water out of a rock.

The only way to really do it is to set a budget and start touring alot of houses.

How much do you need to spend to renovate it?

From an outsiders perspective it looks like “webuyuglyhouses” has done that but I cringe at what they spend just on TV advertising.

The basement does not have a bath.I can spend about CAD 10-15 K and convert it into a duplex with 1 side yielding a rent of around CAD 1 K.The basement business gives CAD 2 K monthly, allowing me to effectively stay for free in the house.I have a few questions:Since no real estate agents are involved, what will be the best method to determine the correct value of the house?