However, It will get very messy in the event that you want to dispose or transfer the property.You also may not be getting the benefit of real estate(depreciation) on your personal level if you are holding the property in a C-corp as the income/loss stays within the corporation and not passed down to you at the personal level.If you are in fact holding real estate in a c-corp; you should seek advice on how to remedy the problem.

The cold down there may be keeping the floors of the first-floor apartment cold, and if those floors are diagonal plank subfloors covered in thousands of pounds of oak tongue-and-groove flooring, as they would typically be in such a structure, that's a lot of thermal mass working against you to keep the first floor cold.You can minimize that from the top by laying down rugs or even carpeting the whole space, but if you can work from below and insulate the cavities between the floor joists with faced fiberglass insulation batts, that should help more.If you are willing to DIY that much insulation work, you can really change the math on the heat equation.

@Blake Charles garrick I would walk the red carpet of conventional lending, you can do Fannie renovation loan on 1 unit with 15% down including your renovation costs, you can refi or sell after renovation is done

If I would put her in the other duplex would it be as simple as using that ozone generator, then re-painting, and replacing the carpet?

Hello BPers,We ran into a roofing situation, and we would love to hear your inputs to our situation.We have a rental property in Kent, WA and a couple week back, the tenant reported observing moisture on the wall and mold on the carpet. 

We did include in our lease renter is responsible to cover pet damages and to have carpet cleaned prior to moving out.This is my concern, renter is moving out Feb 1st, damage to patio door was discovered when showing place.

However, i would pull permits for electricity as your insurance could potentially be voided in case of home fire. 1. from the building and safety perspective they don't care if you or someone else did it; if it's your property you bear the responsibility2. not much, an order to comply to bring back to compliance what is not compliant if an inspector notices something- you can always regularize the situation afterward - not a big deal3. yes it can but if it's just paint, new doors, carpets or a new kitchen, they probably won't care much4. your decision

I’m not talking about a paint and carpet rehab, I’m talking insulation, drywall, electrical, plumbing, electrical, new roof and sheeting type rehab....

Raising the rents would be gradual as leases renew, with possibly some minor updating (carpet, countertops, paint). 

Property from my mother said it needs carpet/minor mold from leaking sink and everything is old and outdated minor rehab!