You may need to disclose that you repaired this to buyers and want to include more detailed information about what was done.

Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.

I know what the rents should be for each of the units (2 vacant and 1 significantly under market), the taxes are listed on the MLS, I’m familiar with the water/sewer costs in close proximity to this building, and I know what percentage to use for my Vacancy, CapEx, and repairs and maintenance based on my knowledge of the local market.

If you are going to add value to the house you might be able to get an equity line against the property to use to fix up the property or negotiate some repair money from the seller that you get at closing.

When staff members are well-informed, they understand the situation better and can assist in the transition process.Throughout my career, I have followed these principles of transparency when selling properties.

Down payment on FHA is 3.5% so you’re not wrong there and safe to assume another 2-4% for closing costs BUT you can negotiate seller assist to cover bulk of the fees if not all.

Most cost effective option I have found.Guest breaks a refillable container, no problem , $5 or less to repair.

When the transaction closes, the purchase is funded, and we set aside additional funds in an escrow account to pay predetermined professionals to make any required or desired repairs or upgrades to a property AFTER the buyers settle on the purchase transaction.

However, what I would suggest based on your expertise as a contractor is going into a semi-fixer upper and make minor repairs to boost equity as well as savings. 

These are the rates established by the government that support housing assistance vouchers.