Originally posted by @Kerry Baird: @Steven Pesavento, someone posted that an investment HELOC was impossible.

1) Capital improvement can be added to to original cost basis thus would reduce your tax paid on capital gain had you decide to sell it later.

Originally posted by @Anna Sagatelova:Although the smoking did impact the condition of the unit, arguably beyond "reasonable wear and tear", since you inherited this tenant you also don't know if the previous tenant before them also smoked and the unit was already in similar condition when they took it.

Originally posted by @Gregory Jerome:@Barry Pekin does the title company have to be in the sa e town or city ad the property ?

All are now PRICE CONDITIONED that the "Price" is that original higher list.

My original plan was to purchase a multi-family but it will be very challenging for me to find one in my price-point with all the competition in my area.

Just to add some context to my original post:- The $30k in capital gains is, indeed, mostly depreciation recapture.

What if your tenant ask you if he can paint the walls of the house and will restore the original color once he decides to move out.What will you tell him?

Originally posted by @Jaime Sepulveda:Michael great to hear you have identified a potential asset for investing in!

Originally posted by @Lucas Carl:@Joseph Cacciapaglia off topic.