I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Consult with an expert or feel free to send me a private message to talk details. 

I did a ton of work to set it up and have had to manually adjust the base price almost daily because it was so out of wack.  

Hi, Based on my knowledge I don't think a three bedroom two beds will go for 2 K A month But I'm not sure, maybe it depends which zip, And the condition of the property as well.

Also, there may be some tax benefits if they can qualify for federal funding based on low income. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Plenty of calculators out there for free and forums/groups on social media. 

Feel free to reach out with any questions, more than happy to help with any questions you may have.

I’ve done a lot of research on these projects, so feel free to ask any questions here.