Now I'm left wondering whether it's best to lower the price to get the property off my hands asap or to make some costly improvements that will probably neutralize any increase in value.

So,  I recommend you invest time in learning the process on your first property while improving your cash flow at the same time. 

My questions here would be around the anticipated appreciation and any potential for improvements - either forcing appreciation or increasing rents.

I am still doing the same work but set up the LT and LLC to provide improved asset protection but obviously want to structure my business so that I have both asset protection while maximizing tax benefits that i can.To be fair to my CPA he didn’t say this would be an issue, he is in the process of doing research to verify the impact of the organizational structure changes and I was looking to educate myself in parallel obviously hoping my research and my CPA’s landed in the same place.

We would like to think that our love, REI, is populated with folks who want to get sellers out of a jam, lenders who want to see houses and neighborhoods improved, and rehabbers to do what they say and say what they do.

Worded differently, the money saved in energy bills because of an improvement, must add up to the same are greater amount than the cost of making the improvement.

Installed new garage doors, plan on doing other improvements as well in the near future!

Installed new garage doors, plan on doing other improvements as well in the near future!

@John UnderwoodMost likely it was a land contract they were buying which also would include assignment of land contractFor deed of trust / mortgage you get the assignment and allongeI know they are coming out with improvements to the site.If you think the buying process is challenging wait till you have to transfer a loan for servicing (not a paperstac issue) but that process is like catching your nails on a chalkboard

Obviously you want to avoid paying interest when you can, but you could see some improvements to your score by showing a small balance.