(Looks like the potential for unseen problems will sink this deal, so the cost of demo may not be relevant any more.)YES @scottmac100.

Lots of headwinds facing real estate, like the following: Inflation Consumer Debt Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buyOwners interest-rate lockedOversupply of class A multifamilyStagnation of rent growth on assets aggressively underwritten at acquisition Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capitalInstitutional and local investors are both frozen by volatility and cost of capital and debtAll that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

It would cost more to hire my attorney and go after the EDM so basically left it as is.

What cost of entry?

If not, what would the cost be to cover the use as a group home3.

Quote from @Tarcizio Goncalves: Yes, labor costs are generally included as a capital expenditure when renovating a rental property.

This rise in rates is partly aimed at controlling inflation but has also made borrowing more expensive, reducing purchasing power.Consequently, money is effectively worth less due to inflation, meaning more is needed to purchase the same goods and services as before.

Part of it is the higher cost of operating a business there, and part of it is that the Contractors know that they can ask higher $$ and usually get it.

A lot of the popular, no money needed, strategies like being a wholesaler, getting a partner to fund the deal, or STR co-hosting / arbitrage are a bit of a paradox because the people that have the expertise to effectively implement these strategies are typically the experienced folks that don't need no money down strategies to invest.