Zoned 401-commercial. .353 acre lot7 0f 8 units updates in past 7 years. unit 8 in good condition long term(13 year tenant). all 1 bed/1bath. fully occupied. 4 units on 1st floor, 4 units on 2nd. just had the parking lot repaved spring 24', good drainage.

Not to mention its old but the soil is a big issue then just drive on the roads that is Yazoo clay popping up and creating the pot holes and I have seen roads heave 6 inchs to a foot after a big rain..

I can understand the rabbit hole you are deep down in right now!

And, you have an additional $3k in drywall work that wasn't planned because the electrician needs to cut holes to pull the new wires.  

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

Not to mention, asbestos siding that would not have been an issue, is an issue as that also has a massive hole in it.

Maybe it was a decently strong squatter holed up in the basement and some faulty wiring?

We paid him in installments and we're at our final stopof rebuilding our entire kitchen and finishing up small details like filling upnail holes, bathroom vanity installs and etc.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I assume you disagree, as well.I do plan a long post going down this rabbit hole, but it will take a few days, as my own tax season is not over.