As if you purchase the property and update the kitchen from simply an out dated look that is not necessary but is recoverable.Essentially, if you get served a redemption notice you have to put together the line item costs that the redeeming party must pay to you in order for you to surrender title back.  

Items such as electricity/water are not counted against you UNLESS you wrote those off as an expense, which you likely did. 

Did a few necessary repairs and some requested items from tenants.

@J Scott, how do you account in QuickBooks for an item that you purchase, say, from Home Depot, but later returned?

Hi Zack,A big item to think about here is your intentions for the property.

This is the most "flexible" of all the items)There are plenty of resources here to help you on your journey!

nothing pointed at you personally but there has been build to rent projects were investors had to put up 50k non refundable and never got their house built.. so I can see putting it in escrow and releasing it upon closing for sure.. thats what i personally do with my new builds although since we average 25 to 75k of upgrades per house buyers have to stroke non refundable checks directly to us for those items.

Without an exact numbers breakdown of each option (which should obviously be my next step), I think my ideal situation would be to sell the SF and roll the equity into this, leaving me with a modest holding cost that I can absorb with my stable W2, and keeping the HELOC for any larger ticket items I need during rehab.

Nearly all of the items they brought up were items they chose not to fix on their initial inspection that they are now have an issue with.Still a pending case but a couple lessons I have learned along the way...1.

The majority of the  bigger pockets posters cannot articulate the risks or reasons why they believe its necessary to pursue elaborate entity formation structures similar to your your charts and ignore the action items that can truly accelerate your growth.