And even better, you invest $70k, get $13.2k more in income and the property is worth $100k more than it is worth today...Second item, and really more important: Can you finish the basement?  

Are you able to share those 14 items and the chart?

Typically if the numbers work then yes but you'll want to ask yourself a few additional items:1.

Thank you for itemizing some circumstances that don't work as well with a Cost-Seg study.

The seller would like to net the most but also carry a note after at least 50k in taxable proceeds, in order to defer her capital gains.

Quote from @Chris Seveney: @Brian CarberryI wish Vegas would carry betting lines for candidate agendas.

Items such as electricity/water are not counted against you UNLESS you wrote those off as an expense, which you likely did. 

As far as more technical financial analysis you mentioned above, I have found it is easiest to track these items in excel - I just update the workbook each time I analyze.

The reports are fairly extensive with pictures documenting various items. 

But was advised to also carry umbrella personal liability.