If there are gaps showing, you can cut in thresholds, and put a transition strip.

If vacant you need to:what is cost of dumpsters vs buying a pick up or finding some hauler to throw away all the demolition  secure and board up and add cameras, get roof bids, order roof parts, roof needs to get on the house ASAPclean out dry wall, everything fabric throw away, cut up and remove carpet, mop the studs and floor with bleach and water solution (5% bleach), inspect electrical - maybe some shorts or problems, order flooring for kitchen and baths and new kitchen cabinets (measure like you are OCD ten times), how is the sub flooring?

But if there are life-safety issues, i.e. heat not working in the winter, and they have notified landlord, and landlord has had adequate time to make repairs but chosen not to, the tenant can pay their rent into escrow at the courthouse.  

Like it or not, the majority of voters in America want more taxes (to fund more government programs like health care) and they want safety and security of Uncle Sam protecting them from the worlds harms.

@Lamont Marable check your local building and fire codes...putting living space below grade carries a lot of life-safety requirements and needs to be permitted...worst case...if there is a fire and tenants cannot escape...and you knowingly put living space below grade without the required safeguards in place...RE investing career over...Just do it right if you venture down that path...hiring an architect is always the best approach to something like thisBest of luck

Obviously the lower starting prices in the latter areas potentially give it a natural edge, but not sure if the PLG/Prospect Park South neighborhoods are still a whiles away from meaningful price growth.

A lot of people try to cut corners in that department, but at the end of the day, you're spending a lot of time and money analyzing this property based on how it will perform and won't even get a manager to help get it there. 

@mitch hill I can, but it needs their signatures so they are going to know II am using a lawyer and they dont want me to pay for  lawyer because they think it will cut into their profits

Have a clear cut contract.

Benefits of HELOC: 1) Give me a more completive edge in the market (as a cash buyer) 2.