Hi BP,I’m thinking of purchasing several multi family units on the same block.

Should have went with block home with all the termites and hurricanes Florida has to offer.  

Nothing worse than a blocked toilet call when you are wandering around Angkor Wat!

Also make sure to do a drain inspection. ~$200 saved me $10k.. no brainer.

There's also a lot of potential appreciation on the horizon: the city is supposed be building a greenway on the block, there are a lot of construction projects in the neighborhood and a lot of new, high-end condos have recently completed construction a few blocks away.

They are a major drain on time and resources. 

It is very stressful making an investment without any reserves, and any road block could really set you way back.

We have now hit a road block and need help with some questions answered since we don't know this industry at all.1- What is the difference between a Make Ready and a Rehab?

Rent it out (refi or heloc)Bought Aug 2017:   128500Renovations:           6000Appraised in 2018: 185000Overhead:                1350/month (Mortgage, ins, tax, HOA)Potential Rent:         1700-1800/monthThere are plans in the next few months to break ground on a new high-rise fifteen feet from the balcony of my unit which would completely block my view, a HUGE selling point for my building.The new building next door will be a high end hotel with nice restaurants on the first floor so long-term it would be good for the area. 

What accounts, HnR block?