Properties are cheaper in Birmingham and cash flow a little higher than other markets due to low property taxes, cost of living, and cost to repair/maintain.

That can likely fetch $1700 if not a bit more.Comp that sold recently: $300kEstimated repair costs: $75k conservative (full gut)Property Taxes: $4,500 per yearUtilities: Separate for each unit, tenant would pay their own electric, gas, garbage, etc.

My question is the time frame to do a CASHOUT REFI, after repairs are complete.

Do NOT list it until the repairs have been made.

And, some minor repairs. 

"No check issued".) 2: Would it behoove me to achieve my write offs this year (the year I need them) and quitclaim the deed from my LLC. to myself, converting it into a primary residence down the road (adjusting my basis with the improvements and repairs) and only allowing potential litigation to attack my free and clear title for this short period of renovations vs. the life of our occupancy at the property? 

With NNN, the lessee handles everything, taxes, utilities, repair maintenance.

No special assessment yet, but we may have to side the whole building and repair structural damage, probably like what I found when I did my windows.    

This property also comes with a 2 year home owners warranty from American Home Shield to cover any repairs.

This property also comes with a 2 year home owners warranty from American Home Shield to cover any repairs.