I am guessing underwriters will exclude your auto expense, cell phone and internet as everyone is paying that across the board..

I would say if all mechanical systems are working, there's no leaks, and some sense of integrity in performing the work: then someone could potentially be ok not completing all the fixes required to make a place market ready and rent for cheaper.

Forgot to add, they do not meet International Mechanical code, therefore i believe you would not pass any inspection for them.

Purchase price: $100,000 Cash invested: $20,000 Commercial building used to be a tire store, currently a Carquest auto parts store operating.

Based on the year the home was built, make sure all of the mechanicals are in order and that there is no lead based paint.

The house is in good shape, needs A LOT of cosmetic work and some mechanical work.

I am a 29 year old Mechanical Engineer by degree and a Robotics Engineer/software programmer by trade. 

If so, then it is what it is and is long done.If by some mechanism you were able to take the funds without that being classified and reported as a distribution (unlikely, but possible), then you have a bigger issue and should consult with your CPA as to how to fix the reporting and pay any necessary taxes and penalties.... 

Recently I've tried sending a certified letter (containing all my contact info and a request for contact) with return receipt, but USPS reports they were unable to deliver it  - Notice Left (No Authorized Recipient Available)There is nothing particularly wrong, and she's completely current with rent based on auto-payments.I feel uncomfortable not being able to reach her.

Are the mechanicals (furnace/boiler/water heart/appliances/etc) of the property sound or are you going to be making an investment in these in the near future?