It would cost more to hire my attorney and go after the EDM so basically left it as is.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

What cost of entry?

If not, what would the cost be to cover the use as a group home3.

(Looks like the potential for unseen problems will sink this deal, so the cost of demo may not be relevant any more.)YES @scottmac100.

The courts would likely require the PMC to refund the tenant and then pursue you for reimbursement -> that would cost them time & money IF it made financial sense to hire an attorney to chase you.Kudos to @Adam Bartomeo for getting this right!

Quote from @Tarcizio Goncalves: Yes, labor costs are generally included as a capital expenditure when renovating a rental property.

Part of it is the higher cost of operating a business there, and part of it is that the Contractors know that they can ask higher $$ and usually get it.

Site selection, estimating/detailed budgeting, all labor/material/soft costs are an open book with no markup/GC fee, and i own all site management from groundbreaking to closing.- Total cost of these projects would range between $390k-$550K.

Case in point, home repair and reno costs are up since 2019.