Lets say your NOI is 100k per year. and the cost of the property + renovation is $1milion. then effectively you receiving 10% Cap on the cots. 

Does one side have a larger family?

Banks and hedge funds have their processes and you just have to wait until they get around to getting that property renovated and listed.

Also, are you looking to fund any renovations?

Then based on what type of renovation work I can work that number back down to 40% if everything will be new.

@Grant Rothenburger thank you, to keep from limiting myself, im open to small or larger sized properties.

Keep in mind, unless you pay the contractor to live there during renovations, your upgrades will probably get stolen while they work on the place.

I did not upgrade the AC when I renovated the home. 

Credit cards: we'd like to avoid this at all costs because of high interest rates.Hard moneyPrivate moneyAre there any other loan types or financing options we should consider to deal with upfront CAPEX in the first 1-2 years until we have a larger CAPEX fund built up? 

Using the equity money for down payment and renovation costs.