Offer help with deal analysis, property management, and social media content creation.

I don’t have a lot of these details so I can’t provide much help hereIf it’s a long-term rental (27.5 years).You can’t start depreciating the property until it is “Placed in service”.

Quote from @Milan Herskovich: I haven't seen the details, but it appears the new inspection process will be more stringent and more frequent. 

I am looking for a house inspector who goes into every tiny details that need attention and uses a good reporting tool to look at the issues.

If our analysis shows that we can cash flow the property we'll make an offer to take it off his hands, spend $ to improve, and then cashflow it.  

Great thanks for the detailed reply.

would you mind sending more details on this via dm ?

Hi Steven, thank you so much for the detailed advice :) Podcasts are my absolute priority at the moment.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

Please know that I realize it is a huge job and huge learning curve and may very well not make good sense, but I want to do a thorough analysis  to determine that (and also what price it may make sense for).