Looks like you removed CapEx in Proforma and increased repairs/maintenance by only $3,500?

Make sure the LTR rental income will service first all of the PITI then handle another 15% for vacancy, repairs and cap x.

My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit.

Which is better in my situation - doing repairs myself (possibly $50k) and increase the likelihood of selling (not incurring holding cost of interest on HELOC and PITI on 30 yr/mortgage).

., but will need some cosmetic repairs. 

I’m currently in need of a reliable handyman in the Memphis area for some upcoming projects and repairs.

Did you use a calculator or spreadsheet, or did you simply work out the math like rental income minus PITI, 8% for CapEx, 8% for vacancy, and 5% for repairs?

The people maliciously destroyed the property.Maintenance costs are much higher due to the tenant knowing that any damage they do, the owner will be forced to repair due to the inspections.

The property owners will be asking $170k, but it needs an estimated $60-80k in repairs.

If you mount the new beam below the ceiling $1500 material labor...if you put it up into the floor joists above $2500-3000 (meaning so you can't see the new beam once the ceiling on the drywall is repaired)  Figure another $65-70 per sheet of drywall needed for repairs.