Also, setting up an S-Corp could potentially save you on self-employment taxes, but I’d suggest chatting with a CPA to weigh the pros and cons based on your income. 

Our New Equity Based Offering!" 

I'm based on the west side of the Twin Cities and am investing on MN's North Shore (Duluth, Two Harbors, Grand Marais) The house were under contract for is a long-term duplex. 

To close the loop on this story, we hired Rick Dempsey (who was fantastic by the way, highly recommended if anyone needs a MA-base SE...Matt Kelly, we really appreciate that referral!).

That aside, If it were me I'd get a professional estimate of what repairs would cost, and make the decision to keep or sell based on that. 

I thought I'd read you were a large holder of his T/K properties and were a fan?

My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.

They strategically avoid speaking to customers and offer support via online chat to a non US based helpdesk.

You can get a "renovation heloc" which will give you a heloc based on the ARV of your property.

He is based out of Mooresville, NC in the Lake Norman Area.