Their premise was the rules were created by the developer back in 2004 and is sorely outdated in comparison to what is available today.However, I have no other comparison so I'm here asking you guys.

If it wasn't you may not have recourse to the seller to have extermination/treatment done.

It would be great to find someone who's had a lot of construction/rehab experience because that's what I sorely lack.

I use the basic blinds from Lowes/Home Depot , tenant is responsible for curtains/window treatment

They quoted $1400 but that's treatments.

If you owner-occupy, you could get favorable financing, tax treatment and may be able to include money for renovations in your loan.

So for example, a taxpayer that lost timberland property used for logging could not replace that property with a parking lot and qualify for non-recognition under Section 1033.Property that has been condemned enjoys more liberal treatment, and instead of being judged by the “similar or related in use” standard, is determined by expansive definition of like-kind similar to that of Section 1031.

In another words, you won't get any special treatment just because the bank owns the current loan (and you won't get worse treatment either).

If you ever get a tenant that owes you multiple months rent you will sorely regret this policy.

@Steven Hamilton III get the taxation in the scenario you describe, but part of the reason behind incorporating an apartment building (or commercial property) in its own company is, you can just sell the company.If I were to incur the capital gains in my own hands, the treatment wouldn't be any gentler.