The main key to your performance is great photos and little extras that push you to the top.

If you are advertising it but have no intention of letting anyone actually rent it for a few months while you make improvements, that would not work.3) While I think there is an argument to be made for using the property tax assessment, I think if you have an actual appraisal that lists the value of the land and building you would have to have a strong justification for doing so (assume that you are going to have to defend the decision to the IRS). 

I’m still fairly new to the podcasts and have only listened to probably 30 or so between the main show and the money show / mostly recent shows.

I spend 8 hours a day in a cubical, and I don't want this to be my life...A little about me:I just completed my MA in Music Business.I work full-time on a 50k/year salary at a music tech company.I was lucky enough to be able to save up 30k in cash. 

The main problem I need to solve is to convert it back to a legal single family house so an end buyer can get conventional financing on it.Up and above that Its up to my discretion on the level of finish.Or I could take the easy profit and sell now...

Although the property will cash flow as-is, my intent is to transition the property, or at least a portion of it, from low income to market rents.

Each dwelling unit must have one main egress door, as well as each sleeping room, basement and habitable attic must have a means of emergency escape (door or egress window).Additionally, the code (IBC) for 3+ units is much, much more strict than the code for 1-2 unit buildings (IRC). 

It had main sewage line problem and thought would cost me more but ended up fixing it with help of Trinity Foundation guys way much cheaper than I expected. 

@Adam Giles, I am curious how you found SE Nebraska if you are originally from Maine and now are in Arizona.

You might end up having to replace your sewer line to the main.