I previously discovered some condensation related moisture under the counter and thus considering switching it out for a tankless water heater.

Again I’m not saying I am done with rei, I just feel at the moment if I had $100k today and was looking to invest it, real estate has too many risk and is less attractive (excessive government printing, unemployment, high housing prices, eviction moratorium’s, etc) I personally feel it would be hard for me to yield a nice return on my money and don’t want to deal with the headaches.

Painted the inside, refurbished floors, clean the yard from excess of vegetation What was the outcome?

I looked into BNB investor academy and quickly realized that $16K for their course was a bit excessive and that I could set out to learn the skills I need myself if I choose to go the STR route. 

Chances are something is happening in the unit above causing moisture to build up. 

If you cannot use all the benefits in the first year, remember, that you can roll the excess depreciation forward to the following years until it is gone.

One good thing is that being a town with students there should be very good rental demand so less chance of excess vacancy. 

Achieved COC returns in excess of 10% and projected longer term IRR of between 16-18%.

Hou would you put that excess money to work. 

I do not do a value add unless it projects a return in excess of 2x cost and over $30k beyond cost.