I'd assume that it's just that it's such an old house, it's a bit drafty and it shifts in the wind and that's what causes the phenomena, but who knows?

The extra HELOC payment can cause negative cashflow, leading to possible foreclosure and/or bankruptcy.Should you pursue RE investing?

Is it flood damaged or located in a flood zone? 

For a project to go more than 10-20% over budget would be a lot and that should never be something that causes such a severe hardship.

Heaven forbid a lapse in occupancy causing you to go upside down on a deal. 

It also depends on the extent of the foundation damage and repairs, I have done minimal slab crack repairs on flips and disclosed to buyers, without any issues, and I have also done more extensive slab repairs with plans, permits and inspections, and also disclosed to buyers, without any issues. 

I want any damages/fumigation related to termite to be handled by the seller.

If I was looking to get started in this sector I would start reaching out to city council members and find who I need to connect with and ask them the best way to get this mission accomplished and they likely will tell you more than you were expecting.Best of luck and what a great cause!

I have a CPA I work with who I’m sure will sort all of it out, just didn’t want to do something if it would cause a huge tax headache later.Do you know if you convert a STR to a LTR after a cost seg, will it cause a large repayment of taxes (I’m doing the cost segs to lower my W2 tax rate).

Better to own a few quality properties than a bunch of crapboxes that end up damaged and vacant and eventually lose money.