Do the $19,000 fix up cost to get the relinquished property for sale and the selling costs get added to the basis of the replacement property?

This was a very extensive job with water damage.

I want to invest in a Sub200K area right now that will put me in about a B neighborhood with working class folks who care about their surroundings/block. 

I just closed on the selling of my first house yesterday, here are the stats: Bought: March 30th, 2015Sold: November 14th, 2017Purchase Price: $57,500Selling Price: $77,119My Cut: $20,534.12I bought the house when I was 20, lived in it the entire time, and did nothing to it as far as adding value (example: remodeling).

To top I️t off, even if the information was accurate, homeowners would still want to use realtors to represent them because of the added comfort of having a professional with experience there to back you up and make sure you are going through the purchasing process legally and responsibly.

She previously worked in a screen print shop, so with added skill set she is gaining, she plans to freelance on design and marketing projects for a side income.

Also, depending on how the value of the property increased by adding that third unit, plus natural appreciation and paying down on the principal, you could look at refinancing out of the FHA loan to get rid of PMI.

Within the last two months I did what I thought was making my home “renter proof” got rid of carpet, added new appliances, repaired and painted walls, fixed up the landscaping for some visual appeal.

Hey Steve,I require that it gets added on to the rent. 

You don't have to do this if you don't want to, however first may start a foreclosure process and eventually your property will end up at an auction block again.Assuming that your 2nd question refers to purchased 2nd position mortgage note (from the 2nd position lender) if the first lender started foreclosure and you are in the 2nd position, you can only claim any surplus from the auction since you are 2nd lien holder.