If you decide to make a flip instead then possibly convert the window to a transom, it allows for natural light but keeps the window up and away and out of danger.

So you’d be doing business, on a dangerous transaction, with fools. 

The reason this is very dangerous is because not only does it impact your cash flow, but it also impacts your ability to exit as pricing is typically based off of the NOI approach.2) Natural Appreciation: Currently there is some healthy appreciation in the market, however, is that going to continue at today's rate for the next three years?

@Lane Kawaoka"willing to check the box"...a little dangerous...The taxpayer is ultimately responsible for what's on their return. 

And yes I agree with you, rejecting the tenant and giving them a reason is dangerous.

This was (and still is) partially true, but ... danger always looks bigger through the eyes of fear.My wife was scared of driving there (not even walking).

That type of activity proliferates this industry and I've been pretty vocal about the dangers that poses for investors.Does that mean that people are doing nefarious things or bad things? 

In other words, if the property is habitable and no longer dangerous and someone could live there, it’s probably also ready for lease.Once the property is in service you can finish the renovation and deduct some of the costs as repair and maintenance expenses in the current year.

REMOTE rehab is so very dangerous for even experienced folks.

You may learn the ropes without taking on undue danger by starting small.Make connections with experts, agents, and investors in the area for real estate.