I was chatting with a very established investor in our space about this yesterday, and he mentioned that closing the entire application to fix a few things could be a bad idea for when you try to open it up fresh again.

My diligence period ends this Saturday, though Seller has already agreed to extend the diligence period to allow us all to react to this new development.There are substantial tax considerations to close on this property by year end from both the seller’s and my perspective.

It's cool to get the perspective from the lending side.

I also like the idea of room for improvement from the landlord perspective.

Since the closing costs were not out of pocket, how is this handled from an accounting/tax perspective? 

Guys who can helo me find fresh pre-foreclosure list SFH in LEE county and around.

I want to offer some perspective from the code and construction point of view but do NOT want to appear as if I’m may-saying your plan.

Again, my post is from the “investor” perspective and not to badger contractors.

Open to both but would love to hear your perspective.

Not strictly on real estate but the perspective of money helps!