Activities prior to launch, but after you have purchased the property, also count.2) I'd recommend reaching out to the other individuals that work on the property and ask them for an email or time log of their hours on your property.

FULL STOP  Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.

Then we take 150-200 pictures of the home prior to move in.

The 2 friends did not want to create an LLC with all 3 partners prior to purchasing because they wanted to use proceeds from a 1031 exchange.

Given that the industrial market is softer than the prior few years, I intend to buyout/wait until current leases expire and leverage the space into self-storage. 

And the fact that you have 6-months of expenses saved up prior to inheritance tells me that you're disciplined and decent with money (this is relatively rare).

I didn't walk the house prior to making an offer and prior to closing.

Has anyone had any success negotiating a lowered payoff for a medicare lien on a property headed for foreclosure auction?  My seller is on hospice and her old house is scheduled for lender auction soon but comes with ...

My bet is both those will be redeemed prior to auction.  

We missed that the property had been in a prior tax sale and subsequently the redemption period ended, and even though we tried to fix it, it was too late and we lost the asset.