Fix everything you plan to, clean it, have it professionally photographed and listed with a realtor to make sure you get fully vetted tenants and the most options.If you were a renter in today's market and walked into a new listing with a nice front photo online and it was under renovation, would you pay market value?

The bathroom was pretty decent, so we were able to just get it professionally cleaned and the house was ready to rent.

Your reviews, especially when starting, are everything, and the worst reviews come from bad cleanings and things not disclosed in the listing that should be.You are making the right moves with a designer as long as they have experience in your particular area. 

There is one or more sections of possibly damaged/cracked drain line found under the home as viewed from the clean out at the front of the home.

Once you generate these investor leads, your priority should be to follow up with them regularly through call, text, email and in-person meetings. 

I found out they wanted to go to Atlanta to stay with family, I offered to pay for the flights in exchange for keys and within a week I got a squeaky clean house back.But, be careful: an offer of cash for keys can get your eviction case thrown out (in Wisconsin), so don't try both at the same time.

A 1031 exchange costs very little as it fits into your regular closing costs.

Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

It could just be some roots in the sewer line that you can have cleaned out for $100-200. 

I wouldn't pay any of the prior liens until you speak with an attorney because alot of them should be wiped clean thru quiet title action.