If the property is boarded up the chances of it needing structural repairs are high.

I have the opportunity to buy a 2 stores, 3 rooms and 2 bathrooms townhome for $160k.

There is a lot you can do organizationally and structurally that will keep you busy but also reduce the gray hair for your CPA at tax time.As far as whether you've got everything you need for the form 8824 that reports the 1031 it all depends on how your reporting and record keeping have been in the past. 

I was a General Contractor back in the 00’s Specializing in Handyman type and small construction (Kitchen and Bathroom’s, Fences and Decks).

It has a kitchenette and a bathroom with shower.

I saved thousands by doing a lot of cosmetic work, which includes: installing my kitchen cabinets, countertops, tile, backsplash, installing tile in the bathroom, the toilet, and a lot of other cosmetic stuff, especially the floorboards, crown, and casing. 

Also, under tools, then file cabinet, you can find some wholesaling contract so you can get an idea of how it's structured.

I saw a property, town home 3br 1.5 ba in Suffolk, VA, keep in mind I live in Northern VA.Want to know what you’re strategy would be for such a property:Foreclosure Sale price 30kNeeds cosmetic work, kitchen bathrooms, paint, carpets a little landscaping etc.Property is valued between 85-105kIn my opinion (a very inexperienced one) sounds okay, thats if there isn’t any other major issues in the property.

Tile surrounds rarely have to be replaced if just dirty, bathroom tile and fixtures clean very well unless abused, its usually an aesthetic choice.

Thanks, its pretty easy to arrive at a breakeven on any given term / rate structure vs the existing 30 year fixed, 3.25%, with 23 years left on the note.