However, this home is in Berkeley and I am concerned about destroying historical elements and potential added structural engineering costs that could make the house attractive to a buyer in future years, along with the opportunity cost of construction now versus getting rental income from the house in the next few months. 

What does it mean when a counteroffer says this from the listing agent: "Buyer shall be credited $10k for escrow fees and other fees."

Thanks for the info @Ron S. and @Blair Poelman I was just wondering more from a buyers perspective, mainly on what you have pointed towards @Blair Poelman . 

My end goal is to invest in apartments for long term holds.I'm looking for other investors, wholesalers, and cash-buyers, in the Hampton or Newport News area that are interested in networking with me. 

If anyone could refer me to a good buyer's agent who has experience working with investors in the Atlanta market that I might be able to contact and see if they can get in touch with the listing agent, I would greatly appreciate it.

There have been some upgrades, like the roof, paint, kitchen appliances  etc.Now what gives me concern is that my realtor has a wait for the right buyer to come along strategy.  

If it's a smaller older home that is going to be a truly entry level home for an FHA buyer and will sell for less, than you can probably do a nice reface and save yourself a few thousand.

Show we just save up a down payment once we clear our debt and go the FHA first time home buyer route ?

I got it for 220k and sold it to my buyer for 260k thinking ARV was 550k.

Could you find a serious buyer with deep pockets looking for a great financed deal that could pay you a wholesale fee?