The tenant says ants have come into the bathroom because there is no sealing/calk between the baseboards and the floor, which is where she says they are coming in. 

We renovated the interior of the property completely with new mechanicals, we also added a full bathroom and increased living square footage by finishing space in the attic.

Our company also offers discounts to employees.

~ The purchase came with two city lots.
~ The lot next door is now owned free and clear. (valued at 75k)
~ The lot has a garage that the team will convert to a house for a capital investment of about 50k.
~ T...

The value add was through the rehab that consisted of a new roof, updated the fuse panel to a breaker panel, new LVP flooring throughout, minor bathroom updates and paint, repainting the entire interior, adding new hardware and paint to existing kitchen cabinets along with new countertops and sink, new stove and rangehood, and lots of overall minor deferred maintenance.

Plumbing in place for bathrooms or kitchenettes. 

You can also use some basic average costs of things like kitchens, bathrooms, roof, windows, flooring.

Maybe find an outdated kitchen or bathrooms to renovate, but buy something that cash flows $100/mo now and hold it for 2 years while equity and rents increase. 

Each floor has 2 bedrooms one bathroom.

Now this issue is out there and cannot be hidden any longer.....Maybe let him dangle trying to sell this for a while and when he get's desperate, swoop in and get it at a huge discount.