Well, the original close date was delayed with no concessions. 

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

•Lender (if financing is part of your plan).Detroit is still one of the few places where BRRRR works well, and cash flow and appreciation are both on the table.

We stick to high quality neighborhoods and homes and are doing really well with it.

@Dawn MurrayI recommend you seek your own attorney in this as well - typically in these situations there is very little to go around but whoever gets the first lawsuit and judgment wins.

I invest here as well.

These are great programs to use and NY offers a few as well as a couple of Nationwide DPA's and grants.

I also agree that Akron is a viable area as well, but Im still finding the best deals in and around Cleveland.

The question is will you benefit.If you already paid for the study, you might as well apply it to to the return.The next question is whether your accountant is properly applying it.You may want to consider working with a CPA who specializes in real estate taxation.

(Unless it was a rental, then you have to pay depreciation recapture as well, usually at 25%.)