Anyway, full gut, just finally launched 3 units in early June and scratched out $18K for the month, July is booked for $28k with probably another $3-4k available to book, and then we’re putting another $10k into the property the first week of August to build a new walkway to the access, porches, outdoor shower, etc.

There are clear walkways, narrow, but cleared enough, but 2/3 rooms are inaccessible due to the hoard. 

There's also a wheelchair ramp taking up half the walkway. 

Humidity levels in basement is high at 64%A/C was 40 years of age, not functionalSigns of Ice damming on the garage sheathingFurnace is 19 years of age, unit didnot fire when turned on at the thermostatThe incoming 3-wire electrical systems is considered out of dateNo GFCI outlets anywhere (including in Garage)Walkway has cracking and settlementGarage floor, concrete has typical cracking and settlementBasement floor, has signs of cracking and settlementKnob and tube wiring in the home is considered obsolete and may pose an increased fire hazard.

Purchase price: $167,000 Cash invested: $20,000 Bought this house subject to the existing mortgage of $150k, paid $18k in walkway money.

The work that needs to be completed:Gutters Binder coat on drivewayBring front walkway step height to codeExpand landscaping, and add "ornamental" treeFix stonework on front facade with sub par installation (They tried to get me to re-side the whole house a shade lighter already and I told them no)What would you do?

An unimproved lane almost sounds like a road or walkway could be allowed in the backyard.

I will need to replace a walkway at a complex I own most of the units.

So reduce cash walkway and profit by another $10k. 

Yes, there is new construction in both, here are the 2019 numbers:Franklin: 21 new singe family homes from $416k to 595k built in 2019 - the lower price points typically just include rough grade, so you still have to pay for topsoil, finish grade, lawn, driveway, patio and front walk way - setting you behind another 50k at least.Oak Creek: 5 new single family homes from 359k to 517k built in year 2019.