Thanks.just a side note, the tenant has requested first month free rental, windows coverings (not satisfied with the new blinds being provided), and free utilities for 5 days.

I may be parting ways with my current provider. 

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

OR if you want rentals simply connect with those that provide them, LI is NOT the place to do it, too expensive and little to know return, you're lucky if you get 4% net .

More maintenance on the balcony depends on the values. we have 7 zips we build a triplex in and some of them we have considered adding balconies if the market calls for it. another way to do it is on the back where the walk up is if they are truly apartments you can add it there. depends on the level you are after. 

The strong local market and collaboration with Carlton, who provided valuable insights, also made it an attractive opportunity.

The strong local market and collaboration with Carlton, who provided valuable insights, also made it an attractive opportunity.

We will renovate the fix up the first floor additional dwelling and plan to rent it out as a STR for the rest of 1st year to maximize the return of our renovation expense against our W2 taxes via the Cost Seg / Bonus Depreciation.

That's a huge thing you are giving up (and maybe worth the additional price of 315k over 260k to you).

Additionally, failing to close a loan over a fiscal year is a huge red flag and usually leads to termination.I want to dive headfirst into RE investing to gain that experience I mentioned above.