Newbie investor here, apologize in advance for the long post.
I have a house rented for $2k/month for 3 years. It is a 3/2. We are currently in the third year of rent. I have not increased their rent (although I shou...

Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. 

And easier to buy a home with potential to rent out rooms or renovate a basement, add an ADU etc. 

-NationsIt makes little to no economic sense to do a renovation in this neighborhood.

It looks like DSCR would be the best option if you recently renovated it and have it rented out/about to be rented.

what is the best way to fund renovations on a flip project (other than cash)hard money lender, line of credits, credit cards?

General Contractor - Look for someone experienced in renovating older structures common in Baltimore.

Jerrell,That would be a pretty simple process you could use a renovation loan or do a cash out refinance. 

So I think moving the lot lines so the house and 2nd lot can be sold separately or even developed and also doing a moderate level renovation could really increase the value of this property overall. 

I have my eye on a 4 plex I'd like to buy, renovate, rent, and hold.