True, I guess rushing too much isn't necessary.

@Lewis Kerwin, based on those pictures I'm guessing the PM has a dog in the race aka that they stand to profit from the re-paint they propose.

So I guess i'm leaning towards keeping the first property as a rental.  

If you're 25 or 35 and that monthly rent check gives you an extra vacation a year for the rest of your life, that might be fun too.Good luck and congratulations for being in the path of progress I guess.

Sorry to be bearer of bad news but I am guessing your $ is long long gone and not getting any of it back. what exactly did you invest in?

I guess all her employees are partners in crime.    

I guess my question is more of a tax question, it’s a no brainer to wait to rent it out to do a remodel so I can claim depreciation on the remodel correct ? 

@Bryan PriceI am guessing you did not use a title company.Everything you did in this transaction was wrong (sorry to be the brutally honest one)When you lend you1.

My guess is these guys have no idea what they are doing, will dig about 30 feet and then drop off the face of the earth when they figure out they vastly underpriced the job, and especially will do so when you tell them you were thinking $250 was closer to the value 🤣

I guess it depends on your risk tolerance and your ability to find a better deal than the one you already have with the equity you are pulling out.