Things such as hot water tanks, carpets had to be replaced in a few years, so I wound up depreciation some items more than once.I sold a rental last year for $430K that originally cost me $70K as an investment property.

In Vancouver 20+ years ago, a bunch of condos were built and they were not built properly and had to have massive repairs done due to water damage on the outside (we called them leaky condos). 

It's really aggravating because they did NOTHING when the former owner let the garbage pile up in the park, had leaking sewage in the park or the water was turned off for 4 months. 

We have 70k which was enough for intial loan it was 5% down but lm not so sure with the land only because deposit is that.Intial loan we made no paymts until it was done, this one we have pymts right away and will need to now save for septic, water hookup.We thought we could make apt after utilities are in, in the garage for now and at a later time get a manufactured home.We both arent sure what to do. 

mainly cosmetic: stained floors, repaint, may need to replace carpet with hard wood, resurface cabnets, new shower, repatch water damage. 

Only amenity is a common area medium pool with a water view. 

Look forRoads on two sides, good cell or fiber optics, trees, rock or boulders, water, ditches to build ponds, views, walk out basements, seclusion but close.  

I'm ready to sign an offer to purchase on a property that has water in the basement/foundation cracks. 

The other one, on the water.

(Where I rent properties, the city has a law that a property can be condemned if people are living in it without water and electricity.)