Ask the seller for repairs or walk away.

@Joel Owens so can we walk through a NNN scenario?

Strictly speaking from a financial point of view multi family's almost always make more sense unless your walking into some equity in a single family.

It’s all about getting that freedom to walk away from the 9-5 when you’re ready.

They will be able to walk you through / help with the process of getting your ducks in a row.

When deciding between them, looks for flexible memberships, no high-volume minimum, and customer service to help walk you through the process.

Once that has been done I'd like to purchase a property walking distance from myself so I can keep an eye on the property and because I don't have a car.

We arranged movers for both his belongings and the seller’s, ensuring a smooth transition for all involved.Once he was out, we completed the final walk-through with our cash buyers, who were eager to close.

Hey @Jeff Ryan - While I can not speak to your exact situation, I can speak to the thousands of homes I have walked here in Chicago, where majority of the homes were built in the late 1800s/early 1900s.I would say that 7/10 of the older homes I look at have some sort of settlement in the foundation, which causes the cracks and sloped floors you are mentioned you are seeing in your property. 

It's great to ask these questions in the forums to get a feel for things but it's not a substitute for getting "official" advice from an REI-savvy tax pro that you have hired.Regarding what to deduct versus what to capitalize (and depreciate over time), your tax pro can walk you through that for each line item.