The REIT taking on debt would reduce the dividends they would otherwise receive - but the reduction in dividends would ideally be temporary.This is still a very fresh idea but seems to offer many benefits to all members of the family, granted it could very likely become a full-time endeavor for myself.

I figured I could get the place completely rehabbed for $30k and start fresh. 

It has access to electricity, fresh water, has a road that leads up to it and has a lake view and has been used for camping. 

When should I pull a fresh list to call from? 

New floors, fresh paint, all new kitchen and bathroom.

According to the agent I'm working with buyers in this area are moderate income who need to buy FHA, with younger families who value a fresh look even if it is not new, 3-4 bedrooms, off street parking and fenced yard.

Note that if you have a blog, and you should, you need to write new fresh articles regularly, having a blog that has not seen a new post in several months, is REALLY REALLY BAD. 

Just like putting plastic wrap on a banana to keep it fresh longer is now called a "life hack"Eye roll.

Next and more complex question would be if because of my new ownership situation (IE our previous years taxes don’t even reflect me as owner yet) I’d be better off just starting fresh with a new bank.

Bedrooms, fresh paint, do all the comps have light fixtures, ceiling fans, hardwoods, etc?