Certainly it is better to sell for a discount than have the regulators pull their right to operate as a bank.John Corey

Regulated lenders (banks, etc) legally have to dispose of their REOs and a minimum price is not required.

Mitch,:welcome: As a bank what government agency/regulator oversees Trillions Capital Group?

If you retain most of the control and the note buyer is passive you also might get into trouble with the state security regulators plus the SEC.John Corey

You missed a BUNCH of the expenses such as: legal expenses, evictions, damage done by tenants (in excess of deposit), advertising, lawsuits, office supplies, utilities during vacancies, capital expenses, etc, etc, etc.

If you want to do rehab work then take the time to make sure you are operating per the local regulations.

If you do leave it, and have supply or drain side leaks, you end up tearing out all the other new work to fix it.If you choose to do nothing, and the rest of the home is "fresh", then the bathroom becomes a big detractor, and will affect the quality and number of prospective applicants.Of course, if you are just flipping, glazing the tub, surround, and sink fixture can make a HUGE appearance improvement for very low investment, and you can pick the latest designer colors!

I had to run a new ground from the circuit panel to the water meter and attach it to the copper supply coming up from the basement floor to the water meter.

So is it possible I just turned off the water supply to the water heater?

I'd also suggest you learn real estate outside the guru circles, buy a college real estate text book off ebay, read HUD sites and regulations.