This is because it was poorly converted, improperly done, "patched up" over time, and might have mixed up mechanicals etc.

Overall, I think you'll need a way to pull out a few hundred thousand via what I mentioned above or another mechanism.

.- Evaluate all major systems (mechanical, electrical, roof, plumbing, foundation, etc).

There are a few temp fixes that still range in the $5000 range. 2. now add the furnace, garage door (not opener, but actual door mechanisms), front door that all will need to be replaced in next few years. 3. the gutters that need replaced now (ours are too small and its causing major overflow), and the flooring that needs replaced prior to renting it out. 

If you are going to purchase materials as a cost saving mechanism, remember the project will perform best if both the owner and GC turn a profit.

  :)  I suggest you join the local REIAs though, one of the smartest things you'll do.Beset of luck, curtHow do you manage having mechanical contractors pull their own permits and not have a general permit pulled?  

It is equipped with the following: - Office - 2 mechanic bays with lifts - 1 bay for mobile detailing  - Car lot for 70 cars Lot of ideas go through my head but figured i would reach out to the BP community.

The wolves use the lake as a trail in the winter to move around.No mechanized stuff for us.

They value how it is to live in a home over the infrastructure and mechanical components.

After the dust has settled, you did not benefit from depreciation and did not suffer from depreciation recapture.The above effect exists whether you invest inside or outside a retirement account, same exact mechanics.