If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

Hello there community, in the recent days I have been teasing the idea of house hacking if I decide to move in the future  in SLC ( love skiing and the nature).  I have read the city’s guide https://www.slcdocs.com/Pl...

probably the best outcome is to reduce the cost of adding housing.  

I added a bedroom to my two bedroom suite due to high demand last year. 

I would think a garden and parking are an attractive draw in peniche, especially in the high season. 2.Adding value – To be determined amount of renovation/redecoration work is required on the property since it has been sitting empty for 4 years and hasn't been updated in decades.

After tackling affordable upgrades like kitchen makeovers and adding an ADU, they focused on medium-term rentals for traveling nurses.

Something isn't adding up.

As the 3rd largest MSA in the country it's hard to generalize the Chicago market as it's actually over 100 different submarkets when counting the 78 communities in Chicago property and then adding in the various suburbs, including in and around Naperville. 

Hey William, what about adding another partner that has experience doing larger deals? 

Improvements are added to the basis and can be later depreciated.Improvements that qualify as QIP, make improvements you make and rent it out.