I'm a travel RN with a few flips under my belt, one commercial property that turned out well, and am looking to purchase a property in New Braunfels, Tx to live in for potentially 6 months out of the year.

Now they have come to realize that the renovation costs are much higher than expected and are looking for suckers who would be willing to pay a lot for buildings that have sat empty for years and have blight liens against them?

But when I started doing the numbers on potential rentals I realized they weren't going to meet my goals.

Hire an attorney and post the court costs and attorney costs to their account. 

A Cost Segregation Study was performed on a 2-story, 5,237 square foot Office Building located in Louisville, KY that was built in 1946 and purchased by its new owners in 2021.

If you like your gig and making money from it.Real Estate is first purchased as an investment.Any potential tax decrease is a plus.Comparing real estate with other investment types such as stocks / bonds, real estate will likely get you the best after tax return.

Presumably any potential buyer who refused to do this would not fare well in the bidding.

Curb appeal, neighborhood, etc.If you have a quality agent, they should point out potential problems like flooding, cracked foundations or walls, the neighbor's dead lawn, etc.

@Khyler Holderbaum, it’s great that you’ve found a potential deal.

Home equity loans may not be obtained on land that is taxed as “open space” or as agricultural land.The loan may not close until twelve (12) days after the borrower has applied for the loan and has received a formal notice of the borrower’s legal rights.Not less than one day before the closing, the borrower must be given a final itemized disclosure of the actual charges associated with the loan, including actual points, fees, costs and interest.