Currently renting for 1 unit for $800 and the 2nd unit for $900, tenants pay all utilities except water with no leases in place.

Currently renting for 1 unit for $800 and the 2nd unit for $900, tenants pay all utilities except water with no leases in place.

According to my local Property manager, they will able to rent it out for 1250 to 1300 (Tenant pays all utilities). 

Utilities are also a concern

ICSC: Join the ICSC, attend the ICSC trade shows and deal making events, make marketing materials geared towards retailers and retail tenant rep brokers.

These are government owned/run utility companies, not private companies.

At closing they get their initial investment back from the closing attorney, and about 15 days later, after all of the final bills have come in, utility deposits back, etc., then the profit split is paid out.Usually they are feeling the process out during the first one they invest on. 

You also Google for hard money lenders, or even utilize Connected Investor to find hard money lenders.

2) Materials and labor to convert the living room into a master bedroom with bathroom is capitalized or 100% deductible in first year?  

I have gotten a few leads from Realtor.com, but so far nothing has a materialized.