The owner really wanted to sell to a business that could use the function room within the building.

Roofs and 'lesser' critical home hardware like HVAC, AC, plumbing and non functioning lighting and electrical. 

It is possible to manage your properties with Turno, as it creates automatic cleaning projects, has problem report functionalities and so on.

So now, my basis is only $100k, and I'm selling for $300k, meaning I have a $200k "profit," so I'd have to write a tax check for @ $40k? 

If you are buying as a primary be prepared to write an "LOE" Letter of explanation on why your moving out of an SFH into a MF 2-4 unit.

Can I write off any of these rehab expenses on my taxes?

And I would also encourage you to communicate in writing if at all possible whether it's text or email. 

I'm using my phone, when I go to your profile at the bottom theres a blue button "refer" Jay, push and write the reference. 

Clear roles - you call the shots, your friends write the checks (and hopefully cash some too!)

Regardless of what your RE PRO or the listing broker tells you, verify from the horse's mouth directly and ideally in writing that the property is eligible and the specific application process. 5.