The information contained in this post is not to be relied upon.

Plus the added requirements around getting drawings and general contractor for even adding a tiny closet.

The information contained in this post is not to be relied upon.

Even large and small businesses with intangible residual services like TV, internet, security, pest control or the local contractor with remodels in process could fall behind on payments revenue contract. 

If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.

I looked at the market and see there's a large selection of 4bed/2bath homes in your price range.

If you had identified the property, the cost and the travel cost would have been added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals.1) Flipping: The travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

For the areas of interest (you are local so I'll say suburbs west of City Line Avenue) there are few and far between -and- have many investors sitting on large sums of cash to jump on anything that comes up (where I would be navigating a reverse 1031.) 

More great news, our market just keeps on delivering. 

A cash-flowing, large lot, alley loaded duplex that needed a new roof, painted and new floors.