Let me show you what I mean.I analyze properties in multiple steps. 

Always keep in mind you are operating a business and all decisions should be made from that perspective.

"Good" Cap-Rate will vary from each investors perspective.

I don't really have time to get multiple quotes since this needs to be fixed ASAP (tenant currently cannot shower as it is backed up).He claims that putting "copper sulfite at the joints" will "eliminate any risk of roots growing around the new piping." 

Because of this my insurance policy cancelled the my plan and after working with multiple insurance brokers I cannot find anyone willing to insure my property.

Because of this my insurance policy cancelled the my plan and after working with multiple insurance brokers I cannot find anyone willing to insure my property.

First, I am considering doing multiple offers on a single property with different terms.

We buy / sell multiple properties every year no worries all within the guidelines of IRS.Good Luck

Get multiple bids, as prices for this can vary widely. 

She can't give any formal ruling obviously, but speaking from her perspective as the person on the IRS side of this, she said putting on Part 1 Schedule E and dividing it in half for each party makes sense to her and she wouldn't give a second look to this not having a 1065.