Phase1 could be critical, if there is a chance that there has been environmental contamination.

- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.

@Dominic Battezzato  Chances are if its a rental property you may have to amortize the loan over 20 years especially if you buy it in an entity.

:) = but I'd look to see what improvements can be made to lower your premium regardless if all quotes come in at similar prices. 

If it isn’t a “hard no” then there’s still a strong chance you get some pretty onerous terms on that 2nd lien.

I will say that there is a lot of development in the works around these areas that should help improve property values.Stratford Estates/Ruskin Heights and Marlborough are all further south. 

There's a .01% chance they come knocking on your door to check if you live there, so take that as you may.As far as the property management goes, make sure your numbers still work with the prop management fee (typically 5% - 10% of gross income, call around and see what companies will charge).Good luck!

They have a doctors statement and you have a mold report - not sure who wins but I wouldn't chance it.I would let them out of the lease and not hold them liable for rent.

You should see the rent going in, the expenses going out, the debt service being made, capital improvements being made and the waterfall to the investor; and follow those numbers from start to finish. 

John Kaspar So there’s a good chance that they’re a wholesaler and would love to add you to their “cash buyer” list.