Likewise, major alterations and change of use would require the structure to meet the new HERS (Home Energy Rating System) score.

. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

Personally I'd probably just put my energy into fixing the issue and getting it rented.

@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional. 

No matter how much detail you share here on the forum, we will not be able to give you a reliable estimate because a lot of factors can change the result.

Leveraging technology and building a reliable team on the ground (property managers, contractors, etc.) are crucial when you’re managing properties from afar.Feel free to reach out if you want to talk more about specific US markets or strategies!

Direct Energy suggests 78F (25C) for indoor summer thermostat settings, Carrier suggests 72F (22C). 

Nothing better than finding that diamond in the rough and then flip it as long as you have the time, money and energy to see it through.

You're in a great position to start with a reliable lender and your own renovation company.

If you can find a good, reliable, trustworthy building inspector they should be able to give you a good idea on most things in the building.