Her sale price would be $184K so depending on her basis she may not owe any capital gains.

On another note, if your rent increase estimates are accurate, you'll bring in about $10,200 more on an annual basis (assuming you achieve the $1200 and $1350 rents) so putting in $50k in renovation just passing my gut check of getting about a 20% yield on renovation costs - not great, but not bad either. 

It's your basis for lendability.

Besides, you have to prove financial loss in order to have any basis to collect, and that would probably require that a bunch of current investors acted detrimental to the fund and testified that it was because of BP that they did so. 

You can also take the profit first approach and make sure you are taking profit out of your real estate on a regular basis to do with as you'd like.

(The exception to this is loans based off prime which would typically be home equity lines of credit as the Fed funds rate does affect prime) The Federal Reserve meets 8 times a year, while the bond market which actually dictates mortgage interest rates is traded every second of every day of the year.

We introduced a new color scheme for our new construction homes.Once the exterior paint was finished, we realized that we strongly disliked the color we chose for the garage door.Easy fix, spend the money to repaint the garage door and update the color package for future homes.Hiccups like this happen every day in this industry.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

If the tenants are in a month to month lease and the landlord prefers it then you don't have to do anything as the lease should renew on a monthly basis, but it really depends upon the existing lease. 

Brampton was one of them and now it's going up everyday. durham and Hamilton were slow for a long time and they are catching up too at a faster pace.