What Max suggested is exactly what I wanted to do, but then I started second guessing.....primarily because what tenant would want to contribute to the cost of a new appliance?

I look forward to learning from everyone and hopefully being able to contribute and help others as well.

Is the notion of rookies taking on a demo and build-out of new construction again too ambitious?

IE: someone gets wiped out and cannot pay off barely any creditors.My guess is that Bear Stearns and Lehman Brothers met all their obligations until imminent doom/death, for instance.I'd like to follow this thread if it has some contributions. 

The primary requirements are that the property is either individually listed on the historic register or is contributing within a historic district. 

., and everyone else who contributed to this thread: Thank you all so much for your valuable input.

My borrower rented for 8 years and she contributed $235 of her $1450 towards the downpayment and closing costs.

I'm just concerned that we are opening up another can of worms as it is more than likely that it will be high in other parts of the house as I suspect the wall-to-wall carpet is contributing to the high counts.  

@Kurt DefenbaughIf you are self-employed with no full-time employees, you can open a solo 401k plan which would allow you to make a $55,000 tax deductible contributions for tax year 2018 as long as you adopt the plan by 12/31/2018.

Your issue is selling the notion you bought the property you’re selling “as a long term investment”...not sure “some one made me an offer” will differentiate that from a flip.