After 3 years of camping, working nights and weekends we were able to move into our lovingly restored 60 year old bungalow.

You might want to ask him to explain the BAR rules (Betterment, Adaptation, Restoration) surrounding capitalization.Maybe you can expense it as de minimis over multiple years, but that seems like a lot of work to me (what Michael was hinting at). 

I've hit up Morris Habitat for Humanity Restore with little luck. 

I can't speak to the financial viability of the rental model you propose, but it's definitely worth carefully considering the cost of restoring that cabin.

Made a low ball offer considering days on market, and the estimated restorations costs.

Maybe 1 house comes up per year, this would be smallest house with the most upside potential since it hasn't been restored or renovated yet. 

The only other idea if the ozone machine doesn't work that I can think of is calling a water damage / smoke damage restoration type company. 

Not going to do that but at some point it seems crazy to restore some of these houses.

Dear Investors,My partner and I recently formed an RE flipping business that is looking to restore the area in and around Lehigh Valley, PA.

You had some really nice VIctorians in West End that were restored and sold for 250-300K.