Or if you buy a distressed property at a deep discount and improve it, you can sometimes refi after 6-12 months if you search for a lender, but you'll only be able to get 75%-80% of the value back out, so beware.

It's a 3 bed, 1 bath, basement, brick ranch, 2 car garage, with a deep 200 feet lot.I'll probably raise it again $50 in 12 months to $1100. 

I always suggest that before you figure out the "how" and "when" and "what" you dig really deep and determine your "why".  

Hey guys,I am turning over an apartment that previously had smokers in it so I want to get it deep cleaned.

Buried pretty deep in the property listing you'll find all the dates listed, delisted, prior sales data, recent sales comps.

I'm trying to help her find a deep cleaning service for a SERIOUS cleanup, and am worried that most traditional cleaning services would turn her away.

Working with a few others to create a deep drive into a few cities and creating a guide for non-local investors to better understand each city.

Check out stuff from Eric Thomas (Google "as bad as you want to breathe") and anything else that gets you pumped.In short "keep up the fight"Let me know how I can help.

Initially, I would just insulate the attic (such that the air handlers for the heat pumps were in the conditioned space) and defer the decision.If you can get the building in the 165 - 180K range, then you have breathing room to properly finish the half-done HVAC conversion, fill at least three of the units and then start the efficiency upgrades to the building envelope as you turnover units. 

What ever your decision , as pointed out by Jaysen, you are seriously deep into a negative cash flow property.