No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Appraisals are backed up and on the right timeline of investor deals, every day counts when you need toBeef up the appraised ARV to get a healthier LTV.Hope this helps!

Whether it still makes sense will depend on how much you can defer vs. the basis.

I would use an experienced broker who can shop around and help you compare best terms on a National basis.

They will want to pass on the stepped up basis to their descendants and you want them not to. 

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

You can start to educate yourself on the individual components; how much does it cost to paint on a per sqft basis or what is an average kitchen remodel.  

. $66,763.What is his basis?

.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

If you do place the property in her name, then inherit it later, it does allow for you to receive a step up in basis at that point, allowing you to sell the house shortly after her death without paying capital gains tax.5.