If you put a renter in for a while and then evaluate that could change the narrative.  

I have made phone calls, I have had him evaluated, with the help of his previous caregiver, we arranged for cleaning people, home health aid, nursing, meals on wheels, the list goes on.  

Depending on how the rest of this process goes though, I will certainly evaluate other levels of finishes on our next deal. 

I am currently trying to evaluate areas and properties to learn what a good option looks like.

I'll talk to my CPA but does the IRS really think im going to log every thing i do?

Thank you in advance for sharing your thoughts.We build in a 2 to 3% per year increase in taxes in our financials when we evaluate a property.

Ask yourself the following questions when evaluating the area as part of the physical inspection: • Would you be willing to live or at least collect the rents in this neighborhood?

Ask yourself the following questions when evaluating the area as part of the physical inspection: • Would you be willing to live or at least collect the rents in this neighborhood?

It seems like Mineral Bluff and Cherry Log mirror Blue Ridge, but I'm a little unsure about Ellijay.

I would say get out of this deal.While some of the asbestos stuff mentioned here are not major concerns in my opinion, there are enough major repairs mentioned that could wipe out an entire rehab budget when something goes wrong.With the inspection addressing these concerns maybe you can re-evaluate your rehab budget considering the findings, and bring it back to the seller with a counter that would give you room to fix everything.