My tenant just informed me that there is a crack in the corner of her bedroom with cold air from the outside blowing in. I think its a foundation issue unfortunately. Can anyone recommend a good contractor on the west...

I am in the due diligence phase and the initial inspection showed some plumbing issues and leaks and I want to understand the scope repair and get a estimate.Would really appreciate if anyone can please recommend a good plumbing contractor.Will send out the details about this deal once I get it closed. 

If you buy a property for $7K does the cost of repairs it needs make it worth doing, meaning: can a neighborhood where properties go for $7K also have comps to support the value for a finished house that's priced at an amount that makes you any profit?

I am repairing the customers ceiling but at the last minute he wanted to fix the roof before the ceiling. 

Knowing your renovation and after repair value is critical to landing these deals. 

He informed you that you would be charged for the hole patching on the wall, which you didn't dispute or offer to repair yourself.

Repairs and expenses are deductible, but you only get back the taxes you would have paid, so you are spending a dollar to get back a quarter.

Once things begin to break or the buyer finds out about costly repairs they will be angry with you and wonder why you did not make them aware of it.

I was able to repair my credit enough to qualify for a new VA home loan.

Jason, it is an alcove studio in Battery Park City (so a doorman building) and while there have been minor repairs (replacing broken appliances, spot repairs to the parquet floors), as far as I can tell the floor, bath and kitchen are all 80s originals beyond those small updates.