But keep in mind that if you want to defer all tax you cannot reimburse yourself for the improvements. 

this might afford you the same benefits as the FHA 203K, however, mortgage insurance cost are lessened or if your after improved value affords you a 20% equity position, the mortgage insurance will go away altogether.

Over improvement not only costs you money up front, it increases your long term maintenance and repair costs.

If nothing else, it will add a lot of value to our own house if we improve the street a bit.

When owners of property we manage ask how long will it take to 'turn it over' the question really translates to this:  IF the property is 'rent-ready' (showable), IF we have access, IF it priced according to market, THEN it normally takes 2--3 weeks for a vetted, fully qualified tenant applicant to sign a lease.3. 

The Tenants agree not to permit any deterioration or destruction to occur while they are occupying the property. 19.ALTERATIONS:Tenant shall make no alterations, decorations, additions, or improvements in or to the premises without Landlords’ prior written consent, and then only by contractors or mechanics, or other approved by Landlord.

My ideas at this point are to remove the deck and make the room areas a step down, and recreate the deck later as stairs to access. 

The new PM can go to the property and access the situation.

i want to access over $100 k in equity to buy another property.  

Events should be accessible to all members not just PRO members but they haven't made any changes to it.