One problem you will run into if doing a $70K cosmetic renovation on a 5-plex in Old Louisville is that tenants who are attracted to the area and are willing to pay top dollar want the following:-Original historic charm (No covering up original wood floors, trim, etc)-Central heat and air (their own system, not shared)-Newer electric-Laundry and off-street parkingIf this happens to be the 5-plex on Ormsby, you may want to do some more digging on whether it is actually a 5-plex and if the basement unit can be legally used as an apartment or not. 

Had charm and possibilities.

Had charm and possibilities.

I'm thinking it might be a good idea to run this by a loan officer who lives and works in charm city.

I guess I'll just have to charm them into selling me their houses for my price instead of theirs...

No profit to show yet, either.OP:   "No steady income, no assets, no credit, no-cosigner, no large cash reserve or experience"Is this because in real life you are so charming, that you've literally been able to get by on your charm?

Jack, welcome to BP and Charm City Baltimore where the city is about to break records for the most _______________in America. 

I used to live near Pasadena and absolutely LOVE the charm of all those historical craftsman homes, especially the Gamble House ... unfortunately, this was before I became a RE investor.

But I have a foundation there and will ride this wave until is peter's out. we also built 46 aiken and sold it to shep of southern charm show.. it was featured on the first episode this year..If you have the means this a  great flip market !!

Here's my nightmare:We saw an old farm house with so much charm, perfect location, in a small, peaceful farming community, and we fell in love.