Hope this helps.  

New irrigation, sod, plants, trees, rocks/shell, paver patio, driveway, exterior lighting, and fence.What made you interested in investing in this type of deal?

Since we are out of state, we have to lean on a lot of information from y'all!

I know this is unpopular opinion as we all take advantage of it (including myself), but should real estate really be allowed to be depreciated?

You can do this simply by changing your bedding colors and the colors of accent items like throw pillows and towels. 

Refinancing to agency may make this a great dealGood LuckGino

Banks usually like to have their loans secured by assets such as RE, equipment/inventory, or other tangible things.Hope this helps.

@Travis Biziorek read my post in this thread!

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I'm surprised they were able to do a 1031 under this structure.