Remember you still have to live there!

I would not touch it and list it on zillow as an income investment or an ideal house hack canidate and the reason why is because i experience an endless stream of folks who pay too much for rehab properties, not knowing the real cost of fixup. 

However remember..  

Ideally, I'm looking for duplexes or triplexes within the Oakland area, but willing to stretch out to San Pablo or down to Hayward (i.e. 20mi radius).I'll be occupying one of the units and would prefer something that isn't turnkey.Thanks in advance. 

I remember looking at the property and being unimpressed, from an investor standpoint.

I could add a new separate switch outlet which would meet code but is less than ideal.

It took 6mo to find the ideal first property that met our financial goals.

It is a complicated situation and not ideal but just exploring options.  

I remember when I first got into real estate nearly 100 years ago, I had a very wise broker that opened my eyes with a very simple comment.

:-/Ideally, I'd love to use the county public record as the initial basis, as that would be the highest number, resulting in the highest depreciation deduction.What's the correct thing to do here?