It's hard to find a cash flowing rental in this area, but paying all cash certainly helps!

Unless you have evidence the tenant caused the crack, you are out of luck.It sounds like there should be a bead of caulk between the sink and the wall to prevent water from seeping down.It also sounds like you should inspect at least once a year so problems like this don't go undiscovered for so long.

Both offer valuable tax strategies, particularly when cost segregation is applied early.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I'm offended that nobody included me in in this conversation.

To save you having to read back thru the thread, here it is yet again:Open a HELOC (or some other credit line, or begin accumulating income from one or more sources).

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

My lender says that shouldn't really be an issue, but just wanted to see if this was too good to be true!

This has been my observation in 45 years in real estate investment.  

Do IRA laws still permit this typed of rollover?