The permitting can be a nightmare, especially to get power.

More power to ya. 

Situated on lake with a 1/2 acre.Scope of Work will consist of cosmetic improvements to include the following: painting of interior/exterior, power washing, cutting of lake grass, upgrading bathrooms, new kitchen appliances as the kitchen cabinets are in great condition, upgrading of electrical outlets, installing of new lighting fixtures, cleaning of tile flooring and etc.

I'll be adding value based on the Scope of Work which will consist of cosmetic improvements to include the following: painting of interior/exterior, power washing, cutting of lake grass, upgrading bathrooms, new kitchen appliances as the kitchen cabinets are in great condition, upgrading of electrical outlets, installing of new lighting fixtures, cleaning of tile flooring and etc.

@Jim Morris you got some prettrenters good advice already I’ll just say, when people feel powerless they go overboard and try to act like they do.He clearly is delusional and thinks he has power.

Using the BRRRR method is a very powerful approach to start RE investing.

For comparison, the national inventory is at a 3.9-months supply, according to NAR;Townhome/condominium sales ended seven months of declines with a flat sales volume of 595 units, the average price down 8.4 percent to $203,751 and the median price down 9.0 percent to $163,000;Single-family home rentals surged 12.7 percent with the average rent up less than one percent to at $1,795;Volume of townhome/condominium leases declined 4.4 percent with the average rent up less than one percent to $1,586.

@Chris A.Isn't this just called "bargaining power" in Econ 101?

It's just that they have no bargaining power to change the terms. 

That's the power of tax deferral and compound interest.Besides 1031 has been in the code since 1919ish.