Her neighbour unfortunately passed away from a long battle with cancer today.

Our pest guy was confident that if you catch bit early, pesticides will wipe them out in one or two treatments and heat is generally an unnecessarily-expensive way to handle them.There's no way I'd pay for treatment AND let them out of their lease.

There are treatments available that will kill the roots, but, as you noted, damage is already done.

A professional mold treatment company will know the drill and be able to advice you on what needs to be done.John Corey

We did a new kitchen (granite, cabinets, appliances), all new bath fixtures and tile, solid hardwood floors, new carpet, new vinyl windows, brand new heat pump, water heater and 90% new plumbing, new lights, fans, and hardware, interior/exterior paint, built 12x12 deck, landscaping, repaired extensive wood rot and termite damage, termite treatment and bond, graded and seeded yard, reinsulated and lined crawl space.

State law may apply to water supplies and sewage treatment with a subdivision.

Also, to expand on Steve's comments, real estate acquired with the intent to fix-up and then sell (flipping) does not qualify for 1031 Exchange treatment.

Did you ever post any more posts regarding the spousal $60k threshold  or converting LLC to S-corp treatment and why?

That's a trip to Disney Land for my family, that's less Christmas bonus money for employees or less of a contribution to Huntsman cancer institute.

You never have "investor" tax treatment for this strategy, never use long term capital gains tax treatment, your flip property can never participate in a 1031 exchange, and you can never depreciate the flip property.