Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

For months, this was what we were following but of course when dealing with me I never make people wait so long and I pay as soon as I am able, as soon as the line item funds drop I usually send a wire or zell payment.

they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.

I don't think you need to take a picture of each wall, but of each room and each noteworthy item that was damaged is really helpful. 

I have also added line items for common area monetering and additional appliances.

If you can hold on till first part of January the showings and everything else should pickup.This would be my action items: 1. hire a new agent that can sell the place, and get you numbers are rent and selling and sell the place. 2. be honest on the numbers you can get on an ARV so that you can sell it 3. start to get the conversation started with a couple lenders on what these numbers on refi would look like for you and this property 4. my suggestion would be to refi/rent before selling at a loss because if numbers work you can hold for a couple years then sell, but this is dependent on your cash position and liquidity of your situation. 

Have a warehouse currently for a business I do(I order pallets of items and resell) but getting tight on space.

I think the above are the type of items your engineer wants you to look at.  

You need to make sure that your property is easily financeable if you decide to sell it in the future and any future buyer can call out non-permitted items and actually report you to the building department or, at a minimum, ask for seller concessions.

Costs ran significantly over on both of these items and not being in the area it was not possible for me to add my experience in renovations to lowering them.