Granted, not all distressed homes are alluring or promising deals yet, as I have to evaluate the cost of repair and look for comps to make sure high ARVs are in play. 

Also the repair estimate pricing is just that estimates in my head....Have a GREAT DAY ALL!!!!

If the violations require permits by the municipality to repair, that has nothing to do with the state. 

Hi @Tom Kelly,Was he told to go over and check for repairs?

I pay all the insurance premiums, property taxes, materials, repairs, anything at all used for the business. 

The records or other documentary evidence must support all the following: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments and any other expenses.The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year.The date of the expenditure or use.The business or investment purpose for the expenditure or use

If you purchase a home that was previously a rental, they will have a file on it, and everything should be up to date with minimal repairs needed. 

(Pull carpets, tear down drop tile ceiling, etc) I do not have enough capital at this point to fully handle the renovations and repairs.  

I have not yet seen the inside to calculate any repairs.

Also do you have the capital to repair in case of an issue?