Since bing under contract we had an inspection that went really well and some minor things will be fixed before closing like painting some exterior and redoing a ground level entry deck. 

Would typically need to have your project at a minimally complete level. 

Depending on what kind of neighborhoods you want to invest in you can but they will be C to D level areas. 

I call BS on their entire operation AND yes I have considerable and extensive experience at the fund level and SEC compliance, I have been retained by several funds in a managing capacity.

@Noi K. a lot of brokerages have gotten aggressive with their listing rates, which vary SIGNIFICANTLY between brokerages and even agents within those brokerages depending on level of autonomy.

Property 1: 6 unit building (4 residential units upstairs and two commercial storefronts on ground level, all contained within one building)B.

Depreciation elections are based on a whole list of items such as projected future passive income, current level of other earnings, anticipated exit date (if you've shared that), etc.Her reasoning of "more in professional fees" makes no sense. 

Mold tester recommended remediation for the mold that was found but didn't express any concerns about the level of mold being a concern but I ordered the remediation right away since insurance is paying for water damage due to sump pump failure.   

Do rehab on house, convert back to single family and bring it up to level of rapidly rising neighborhood.

I went through this process when I decided where to retire.At a high level, I used financial media, Wikipedia, and local news (many TV stations stream their local news broadcasts) to select a state and city.At the neighborhood level, I used CrimeReports to get a feel for crime and real estate listings to get a feel for the type of housing in the zip code.Then it's boots on the ground to home in on a specific choice.