The owner is 94 years old and is in assisted care.

PM even offer to apply for tenant Covid assistant for any financial needs. 

It is best that you explain your goals so they can better assist you.

To resolve the issue my realtor is suggesting I use his assistant (also a realtor) as POA to sign closing docs.

If you did the work yourself, you saved labor but you still purchased the materials so your basis for the depreciation should be assisted by that portion.

If interested, they will set out some parameters from which they can assist you.

Happy to assist you or answer any questions you might have with this growing market.

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

Any contractor recommendations to assist with determining rehab costs for these properties would also be extremely helpful.

I may be able to assist depending on your needs.