While the mechanics are easy, the repercussions can be significant.

Given that you clearly have a good grasp of the mechanics, I agree that if the value is peaking and you'd eventually just have to re-buy the property from the government, holding on to it long-term is maybe not the best course.

Chris,Chris,If you hire a company to do the repairs and they pay the employees then you need to see proof that the company has General Liability, Business Auto, and especially WORKERS COMPENSATION.

You will need permits for sure and mechanical drawings.

Anybody heard of a frivolous mechanics lien?

I agree some things will be very different in the auto industry but I don't see it changing real estate nearly as fast.

I will be doing most of the rehab myself but I will need a reputable HVAC mechanic and painter.

Check and proactively replace all of the toilet flappers and check flushing mechanism to make sure its flushing efficiently. the flapper(s) could have likely degraded and the bad seal might slowly leak into the bowl and cause a frequent refill of the tank. flappers usually need to be replaced every 5 years anyway since they degrade. toilets have always been a cause for high water usage in one of my condo buildings.

I know they are known for Auto.

I know they are known for Auto.