Ronald something very small, I am helping his sell of things at this property and in return he is not needing a significant amount for the option. 

  #1 Federal Historic tax credits will ultimately return somewhere between $15,000 - $18,000 in federal income taxes next year #2 Historic homes have character that short term renters value & will pay additional for in their short term rental experience#3 Completely remodeling a home with high-end finishes will probably not pay off for long term rentals, but does seem to in the short term market. 

-All carpet must be washed, free of stains, and no odor left-Locks must be in good repair and key's returned to the owner along with a forwarding address of where you are moving to.

If I use your capital and pay the interest, will you fill out my tax return?

In return, I intend to do the same for other noobs/members in the near future.

I didn’t consider looking at the comps to see what sorts of renovations to do and expected returns I am looking to do some renovations on my first purchase and I’m going to start the research now thank you.

Most disputes between tenants and landlords occur due to disagreements with deposit returns.

The tenant texted me a couple days ago and stated “we have not lived in the house for two weeks, but I still have a table in the garage and a lamp and some **** there.”Should I return to the home now to get the ball rolling and get this place re-rented by doing some repair work or just wait until everything is removed/ the whole process is done with?  

After you file your taxes for 2018 early next year, then present your last 2 years tax returns / W2's / pay stubs / etc. and get an actual pre-approval, since those are the numbers it will be based on assuming your income doesn't change too much before you're ready to buy.

You have to analyze time and return for your individual situation and see what works.