Personally I’d sell, if the capital gains after selling costs exceed $80k I’d consider a 1031.

So then basically you are buying the land for 400k, then demo (whatever that cost is) and the build new. 

Here’s what you can expect:100% Financing: We cover the entire cost of the deal, removing a significant barrier for many investors.Rehab Management: We manage the rehab process to ensure the work is done correctly and on time.Mentorship: You get access to mentorship from experienced investors, which can be a game-changer.My ExperienceI’ve seen firsthand the positive impact our program has on our partners.

I had a bad tenant that costed me thousands of dollars.

If not, then it's under the tile.The only way to deal with the walls is to cut them open, dry them out, disinfect them, and then rebuild.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Plus the added tax benefits to support my current situation ($120k a year as a "single" person with "0" dependents Uncle Sam definitely gets his cut) A home my family and I could use in the off seasons on vacation plus creating a unique experience with lifelong memories for our guests sounds great to me, regardless of whether it cash flows.

What would you do for the kitchen and how much would it cost?

Partner Driven financed the Burning Lane deal using its own capital, covering the $162,000 purchase price and $60,000 in renovation costs.