In general, I would suggest repairing the rented unit when it is rented now because once you move in to renovate, yes the improvements are added to the basis, but repairs are not ( there is one exception) Although there is a rule that when you are improving the personal residence and there are minor repairs done with the improvements, those repairs can be added to the basis, but you would benefit more doing the repair now while it is rented to get a tax deduction right away rather than adding to the basis. 

If this house can be improved to be worth 100k more than sales price with 20k worth of rehab, I'm curious if a hard money loan would work to get you in the door. 

I am looking for an agent who has access to Brooklyn, Queens, Bronx MLS in order to set up an assistant account with me.

Also not sure how to give them access to my second phone number and text messages.

I was looking for an online software that I can access through website or mobile app.Originally posted by @Peter Sautter:I use LandlordMax for my ten units across two buildings. 

I'm happy to invest in improvement, but concerned about fundamental issues with the buildings that may be more difficult to address. 

It is not as easy to access as cash flow but it does increase net worth and can be accessed via refinance, etc.  6) Local presents an opportunity for forced appreciation where you can do some of the work (versus out of state (OOS) forced appreciation often is more limited due to requiring the use of contractors because OOS).2 of 5 years occupancy is required to not owe taxes on the gain from selling the property. 

I hear you about Appfolio--I have not signed up for the demo, I was turned off by their website that provides zero info (there is literally only one accessible page!) 

The seller may be willing to carry the contract for a couple years to let you make improvements and get rents up to market so you can then refinance.  

Pool house with plumbing Additional ~ 300 sq. ft. shop/storage buildingProperty on corner lot with 2 extra lots backing up to the end of a cul-de-sacPossibility of converting one of extra buildings to office for side-hustle/LLCGarage Appt #1:Connected to main house by a shared roof and connected breezeway~ 900 sq. ft. with kitchen/full bath/laundry and separate access/entry (stairs)Efficiency Appt:~ 800 sq. ft.