Unknown Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You now have $5k in unreimbursed expenses, and 2 houses; one with a $200k mortgage worth $250k (giving you $50k in equity), and; one with a paid off HELOC, value and mortgage unknown, but presumably with more than $165k in equity.You should also treat the $5k unreimbursed renovation cost as a debt and pay it back (even to yourself) accordingly.There is no tax due because not only did you not make any realized gain, but there was no sale. 

If they are getting 1 month's rent per turnover (for unknown & varying # of turnovers) plus upcharges as they call the Maytag man for every little fix (unknown # per year) there are a lot of variable costs. 

I would just suggest you make sure you fully understand that process before you dive into it - because you can lose a lot of money fast if you don’t know all the ins and outs.Likewise, rehabbing isn’t always straight forward… like who will do the work, permits, contractors, unknown damage you may not have accounted for - especially in  a foreclosure where there usually isn’t the ability to inspect the property.We’ve done several flips we won at auction, and lost plenty of them in the bidding.  

Lots of unknowns here but I will try and help out with what I'm taking from your question. 

Phoenix NY is only 10-15 minutes northwest of the Micron site, and is a small and relatively unknown village.

That depends on who runs the White House, whether China invades, whether Yellowstone blows up, and 10,000 other unknowns.

There will always be unknowns. 

These events will shake all sectors of the economy and create pullback by consumers due to fear of the unknown.

It might be worth exploring if its features align with your needs.Identingly.com - 0 Stars (no reviews): With no reviews, this platform is an unknown quantity.