I have quite a few rehabs under my belt and have fixed / leveled several houses that had some uneven floors. 

Do any of you have a fantastic accountant who does high level strategizing and specializes in RE, ie invests as well as accounts..  

Although patching up the hole with sand definitely decreases the flow (could be sand absorbing the water, or the water just finding some other path of least resistance)Thanks for all your input though!

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new shower, and new windows.

Real estate tends to appreciate depending on the area, depending on local demand levels.

The units were rented near market levels, but could be increased with minimal difficulty.

I start to look at different factors such as property tax rate, crime levels, rental rates, commute to work, whether the area is land lord friendly or renter friendly etc.

I am not sure how much money you have for a down payment or what type of loan you qualify for, but leaving cash in a deal isn't the end of the world if the numbers are right.The high level numbers look good.