I would have a lawyer hash out the details. 

you don't need a seller credit U need to renegotiate the purchase price.. is what normally would happen then pay cash to have all that done.or you can ask the seller to fix those items prior to closing and pay full price or have the seller fix those items prior to closing and raise the purchase price.

. - Your agent should be able to provide guidance, in my state just because something is past the end of it's useful life doesn't make it part of the items we can request repairs for. 

The SALT deduction is for itemized personal deductions only.

Also, dont forget to add other costs to your depreciable basis of the house such as:1) if any improvements were done to the house2) The following items are some of the settlement fees or closing costs you can include in the basis of your property.

Hard to really get into this without any specific details related to the financials regarding each house, but I’d start here...If you need some liquidity, I’d run the cap rates on all my rentals and identify the bottom 3 producing rentals.

Jack I have direct experience with this property type in that exact area, PM me and i can go into details in private.

To give an estimate on the whole project, we would need a LOT more details.

Accounting practices say the value of an item is its value at purchase until you are selling.

I recently looked at a duplex and wanted to get some thoughts on if these items should be factored into the offer price:The water heaters were over 10 years old, both gas furnaces were over 10 years old, the water was not separately metered, the front porch (cement) had some cracks in it, and both units would need some paint and new carpeting.