full transparency, my partner and I got ourselves into trouble last year forgetting to file our local taxes in our new mucipality as we did not realize local taxes needed to be filed as well. we ended up hiring a tax accountant at the very last minute to help (after receiving mailed noticed) and went through all of this trouble for a measly $20 return. at least we got something for it, I suppose. 

The area should appreciate over the next few years as well.

What made you remove all the drywall as well?

Would it be under the business tax id number which would be brand new (so no history yet) or would it be through me personally through my own credit report/history?

I would just hire a guy to remove the popcorn ceiling - they might be able to weigh in as well as give you a quote. 

I can look to see if there are bars on windows, graffiti everywhere, how well people care for their lawns, etc.

I have title and insurance companies I can recommend to you as well! 

If well coordinated, at a minimum that provides 30-90 days without being responsible for the mortgage payment.Investors exploring this strategy will want to emphasize efficiency and be sensitive to PPP (Pre Payment Penalties.)

We freshened up the interior with new paint, and a few new trim items, but mostly it was well landscaped and well cared for prior to our assuming the loan on it.

Examine the possibility of future value growth for the property as well as any tax advantages that come with owning rental property.