We almost did this, or I should say my brother/partner @Ashton Levarek, almost did however some additional renovations came to light and the deal didnt make sense.

You would naturally want that difference to be basis so you don't pay tax on it. 

This home features brand new Flooring, carpet, brand new kitchen, all wood cabinets with soft close drawers and hinges, quartz countertops, new stainless steel appliances, new fully finished bathrooms, new interior and exterior paint, new central HVAC, new dual pane windows, new roof, new water heater and all new lighting throughout.

Told him to leave ill do it myself.)Bad sill plate on rear corner (contractor)Replace front porch postsBuild backporch stepsDemo barnInstalling concrete footers under home, laying block and shimming to your jacked levelSetting house back down on blocks and reattaching to foundationRemove floor and portions of subfloor in kitchen & back porch and replacement Window repairTemporary power pole (electrician)Electrical service upgrade, outlet replacement and GFCI Install (mix of Electrician and us)Label panels (electrician)All exposed wiring must be protected (basically just replaced all of it)Replace missing light fixtures (new fans throughout)Build wall in living room to convert to 3rdbedroomRe plumb house and pressure test plumbing (plumber)Install smoke detectors hardwired to meet code (electrician)Water Heater electrical line, and core discharge for water heater under house (plumber)Tear out Old ac unit under houseWindow screensWindow locksBackflow prevention valve (plumber)Fart fan ventilation for bathroomApproved Address Number DisplayedFlaking paint abatement interiorClothes Dryer exhaustPaint Untreated woodRemove all debris, Remove old tiresRemove chain link fenceTreat house for black antsPoly floorsMud and paint wallsAppliancesDoors/locks.Roof patch, remove 12x24 section, cut out rot, sister in new beams, put new plywood & shinglesPiles and piles of new electrical wiring (electrician/us)Sand all walls and spray texture ceiling and walls with joint compoundPaint whole house inside and outNew trim everywhere.Sand the every living hell out of the floors (100 hours of labor + help)Gutters and french drainNew mailboxA/c Unit.

The two contractors and property manager would be a natural start.The pm definitely, and likely the contractors too, should be well connected with local investors.Once you give up equity, you will not get it back.

It is commercial in nature.

It's a light gray kind of mildew. 

Many things to check for on title Such as a second mortgage HOA and things of that nature people may overlook or the seller may not mention. 

, variety of topics, awesome staff, great customer service, food was light but decent (some conferences don't provide any food), appreciated the gift card for completing a conference survey, and the conference wasn't sales-y or gimmicky like other investor conferences.

A few years later I had a real problem with the PM charging us for phantom maintenance items and decided to part ways and go about things on my own.A few really bad tenants later on my wife's property (a toilet was clogged so they decided to light the toilet paper on fire and see if that would help the crud go down.