Renovation delays, refinance delays, unexpected turnovers, or surprise cap-ex items compound when multiple projects are open and capital is constrained. 

After a city examiner unexpectedly required a 3-hour rated floor assembly between the first and second floors due to the buildings wonky design, I asked whether this changed the standpipe requirement. 

@Victor ValenciaHey Victor, your plan shows solid thinking and leveraging equity can definitely work, but from my experience, starting with a near break-even loan is a bit tight, especially if unexpected costs come up.

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

If the numbers work, a full reno is still an option but as Jaron mentioned, being able to absorb unexpected expenses or extended timelines is going to make or break deals for the forseeable future. 

Definitely taking the hint to double-check titles, expect the unexpected, and maybe keep an eviction attorney on speed dial.Appreciate the Columbus tip too — might be a nice “Plan B” market!

You will need to install outlets, switches, and lighting fixtures as needed,6.

I'm thinking maybe i need an outlet maybe go to meetups idk. any advice would be appreciated> Don't waste your time with folks that aren't interested in your aspirations.

Ideally it will allow you to be in a better position to handle any unexpected finance challenges.Good luck

While the twice a week payment can help for a time, what happens the next time there is the slightest unexpected expense?