Development is the notorious part of real estate which looks really clean on paper and process but is seldom profitable when you need it to be.

Your lender most likely requires you to occupy within 30 days of purchase, so make the seller remove them so you have time to clean/repair after closing. 

I would say look at the big ticket items, roof, foundation, electric, plumbing, HVAC and assess from there if anything needs to be done 

Separately metered gas & electric are generally viewed as more valuable because water is less commonly metered.

We also collect a cleaning fee and security deposit for each rental.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

Thanks to the Inflation Reduction Act, the IRS has launched new online tools to streamline clean energy credits.

Cleared, cleaned up What was the outcome?

Cleared and cleaned up What was the outcome?

We planned to close off the doors but realized if we do this, the other tenant will not have access to the basement where the electrical panels are.