The seller needed to replace the siding so buyers could get a secondary market loan on it.

The roof will need fixing or replaced, some of the floors on both the top level and main level will need to be gutted.

The list of items you'll be repairing and replacing just grew to multiple pages.None of the items you mentioned are good things that are good things just because the house is next door...or they are countered by bad things.

Most recently we've washed dishes by hand for two months waiting for them to replace the dishwasher.

If you have an architect involved then it may just not be as simple as removing the existing items and replacing with new. 

Its a super old building that needs its slate roof repaired and a complete replacement of the box gutters.

I had 11 rentals back in 2015 and then I started to hang out with more accredited investors.Do the math here… with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income.

Standard landlord/rental insurance with replacement coverage plus liability suited to your state and asset class is easily available and not too costly.

I would confirm with your tax advisor/CPA that adding your wife onto the replacement is considered the same tax paying entity.

Certain repairs include $100 to unclog 2 drains, and $125 for a garage door wheel replacement.