If you buy a rental for 100K, and do 25K in improvements your basis when you sell is roughly $125K. 

@Andrew Casal you'd want to ask the building department of the city or town.They'll usually want you to be specific about what it is you're looking to do, rather than answering a general "what requires a permit" type question, but it sounds like you already have an idea of what your project will involve.I think you might be slightly better off describing it as a repair vs. an improvement or something new, if that's reasonable for what you're doing.

Not to mention, you will improve your property, which will increase its value. 

That makes them all jointly and severely liable for the terms of the lease until maturity. 

Now that the property is improved it’s worth 400k and you sell it for such profiting at least 200k.

If you have someone as a joint borrower on your loans because of their W2, but put no money into the deal or do anything else, how much is it worth (it's definitely valuable, how valuable is for you to decide)?

We improved some bad electrical work (a two-pronged system that wasn't grounded) and did some light cosmetic paint as well as added safety features in a few areas.

I made minor improvements (5k) to get it rented within 30 days of closing (East Providence) and it cash flows for about $700/mo.I couldn't do the full BRRR at the time because I used all my funds for the 20% down and wasn't comfortable at the time to do hard money lending.I'd like to invest in multi family's in RI but now wondering the best next steps. 

I've found that I'm usually pursuing a rate and term refi at about year two after I've made improvements etc. and between appreciation and mortgage paydown I'm at the better LTV anyway. 

Can he file a quit claim deed to add me to his title and then I apply for a HELOC on the PA property so we can make improvements and buy an investment property?