I'd be happy to talk with you about some options and provide an estimate if you're interested!

If I did some minor repairs on the house and sold it for let’s say $120,000 (that’s just an estimate) what would my taxes look like for next year?

I'm in the Austin/San Antonio area and would be happy to provide a free estimate for you on your cash out refinance!

For years, I knew that I did not want to stay in the Northeast but up until now I haven't felt like I was ready or had a good excuse to take the plunge and move.I have been reducing the amount of "stuff" in my life for years to the point where I can now fit everything that I own in (or on) my 2011 Honda Fit.I have paid off all of my debt, have over 6 months of my current spending in cash, and have a current NW around $282k with $120k of that in a taxable account.I have a stable job as a Data Analyst that I have been working remote with since the pandemic hit.I am single with no children or pets (but do have 2 small house plants)I love walking, cycling, mountain biking, snowboarding, kayaking, hiking... basically all things active and outdoors.I like to reduce the amount of my personal consumption and focus on the important things in life such as my relationships, health, and finances.I am that guy in the neighborhood that always walks or bikes everywhere although I have a great car parked in the driveway.Anyway, a good friend of mine asked what I thought about moving out west with him.

If someone is okay getting creative, knowing they are inheriting a mess and factors in a conservative estimate for attorney fees into analysis/rehab costs, etc, it could still be a good opporturnity in an otherwise very competitive market where the eviction process would scare away most buyers.

Even with a conservatively estimated $70k renno we expect a 10% cap rate and 22% BTCF.The unit is fully gutted now.

DON'T TAKE RENT ESTIMATES AT FACE VALUE!!

DON'T TAKE RENT ESTIMATES AT FACE VALUE!!

I'd agree with what Bryan said - ignore a lot of that, and make an offer where even with conservative estimates you get positive CF! 

Take out 40% (estimate) for expenses and you will have roughly $107k of NOI.