Massive mold, holes, roof, and foundation issues.

I have since put a new roof on the property.

HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?

From ceilings fans, dishwashers, HVAC units, electrical outlets, and basically everything under the roof, I highly recommend it.I hope this was helpful,@Charles Kennedy

Roof should be fine but it is a simple garden home a-frame house. 1,300 square feet.

@Larry T.Forgot to mention that I'm not interested in a flip unless I have to exit because I don't want to pay capital gains.You are correct it would be 107K not 134K.I just found out today that the owner will file a claim on her roof and get it repair or replace, saving me 5-10K.

The only reason I can imagine identity theft resulting in bankruptcy is if she gave some e permission to use their card and that person racked up huge bills that the person didn't expect or couldn't pay.

If he is disclosing the roof was bad - and you already knew that - your position does not change much.  

Hi all,I'm renovating my home, getting it ready to rent, and it needs a new roof.

There is no roof vent in the laundry room.Now my question:  The tenants always complain they have to pay $20 a month in the summer for gas service they aren't using.