Occupancy would be a huge red flag unless you can prove that there is a valid reason for the move such as a job change.

So I decided to give the rehab job to someone else.  

I have thought of spray foam which creates its own vapor barrier but it is way too big of a job for the standard DIY kits. 

If your income (like a job) is over $150k, any paper losses that this property might generate will be locked up tax-wise until some future point: either your income drops, or you have some passive income, or you sell this property.If your income is below $150k, you are likely to see some tax benefits right away.

I’ve got about $25k cash, $60k in credit lines, good contracting and industry experience (did multi-family portfolio management for a while) and no job (so no mortgage opportunities).For you MN folks, what’s the bottom of the “crappy but not tear-down” bad?

Here's how I would have probably dealt with it: 1) Check the lease. 2) Order a new fridge and cut a check for $180 to tenant.

The formatting is a little off from cut and paste but there are 2 sections under early termination section. 

To a lesser extent, you're seeing more fixer uppers than move in ready homes that failed to sell in the spring/summer-these individuals have finally gotten their wake up call and made drastic price cuts. 

Some context...I just recently took an entry level job in sales as a recent college grad.

I make around $100k from full time job.