I've considered it as well and it can definitely improve your business.

I haven't walked through it yet, so I put down $0 improvements so that is probably wrong be wrong.Couldn't figure out equity accrued.

My question pertains to the equity we have created through improvements to the property and increased rents.We have completely remodeled 3 units.

Also, the seller may be required to provide documentation of the cost of improvements to justify the increase in price.

That is providing the existing wiring is sound.In PA there is no licensure for electricians, however there is a Home Improvement Contractor license and insurance that should be carried.

Our RE agent has given us comps that show our house should sit about $140k now with the improvements that we have put into it.

This is a capital improvement, and as such it is depreciated.

He said it would ensure the work can be done and I can be protected.Expense Numbers:$184,000 Purchase price, comps for only a 4 BR SFH excluding carriage house and garage are $245,000$140,000 Repairs/improvements, including addition of a 2nd floor to the carriage house.

I would just like some guidance as to where I could/should be focusing my energy!

For the most part, while I know how to replace a roof on my own, someone who does roofing for 50 hours a week, is going to complete the job in a much more efficient manner than I ever could, and this applies to everything if you work with reputable contractors.