Then you've opened Pandoras Box and you instantly have the guys in the HazMat suits with fans and plastic sheets all over.....and a bill for $5000 for something you could have done for $50.I used to do this kind of work on the weekends when the city inspectors weren't driving around :-) 

If you can check these boxes, you're going to be starting off in great shape. 

Since, CFD do not have a note, my understanding is that a loan mod would not apply.

I have thought about getting a card through a box store like Home Depot but don't want to be limited to the benefits of just one store, as I buy multiple materials from many different vendors.

Depending on your buy box and location, right now is a hard time to find deals with current interest rates (at least in my area), but if you run the numbers regularly, you'll be ready when the right opportunity comes up. 

I have spent my time creating my own deal box for investing and educating myself as an investor.

The house is clearly abandoned, as the power box is disconnected, AC is removed and someone clearly packed up the stuff. 

Identify the buyer you want to wholesale to and learn their buy box.

If "Hobo Boxing" was top of click chart guess what would happen in following days, you got it, they'd all be about that.   

Starting with depreciation in mind is just wrong, IMHO.Now, stepping down from my soap box...