You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.

When I began investing in cabins in the Smokies, I made rule that I would only buy cabins on creeks or rivers where you can catch your dinner. 

If you buy in a city with limited appreciation, every investment dollar must come from your savings.

Once that happens, the tenant is buying the property for you. 

I'm buying another home, and need as much as possible on Line 13 as an add back for Lending At first he disregarded the entire amount and put in last years carried forward depreciation of $1,346I asked to reflect accurate number of $19K again explaining its an addback for me. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

If it had been my client buying this property, they would have paid a lot less even with the full commission factored in. 

Investment Info:Single-family residence buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?