Under ideal circumstances they will undoubtedly be a big improvement over last-minute changes to a HUD-1 and to mortgage documents at the closing table.But there’s a catch – when certain changes to closing documents become necessary after August 1, 2015 another 3-day waiting period kicks-in.Closings that drag on for several hours are one thing, but closings delayed by 3 days, and possibly another 3 days, and yet another 3 days… that’s another thing entirely.Delayed closings invariably lead to more calculation and documentation changes, which lead to more delayed closings, etc.To understand how the new law changes the buying and selling of real estate all over America, take a look at the new disclosure forms.

Honestly if it has drug activity and shootings near by you will have a tough time keeping it rented.You can make all the improvements you want to the inside but if the neighborhood stinks it won't ever rent for more in the future.If you wouldn't have your wife pick up the rent checks because of the area then I would pass.

It just needs some improving to make it look at little more modern.  

When they write checks to a person they feel as though they can take advantage versus a company.  

Since I only depreciated part of the total repair cost ($5500+$3000=$8500) from 2012 to 2014 what happens to the remaining amount that I did not get a chance to utilize yet since I sold the property before I fully depreciated the improvements?  

Considering the experience and in-depth logic layed out by the OP versus your non-argument I'm going to go with the OP - not surprisingly.

You sounded like Barney Zick  or Jack Miller or Jimmy Napier or Peter Fortunato...KISS Keep it simple or starve or KISF Keep it simple or failWhere my mentors back in the mid-80s taught  to me about" a what if statement" which helps you understand how the sellers thinking, and what I like to do is show them the option of selling with an agent versus renting it out versus selling to me on termsIt's important to feel out the seller and say something like, "I don't know if I can do this and I would need to talk it over with my business partner, but what if I could get you a cash flow to you for a period of time and then pay off whatever I owed you,  would that be something to even think about or maybe not?"

Hopefully the 40 new tenants will be an improved group.  

It as at a nice price and likely not selling due to these "improvements".Is this an easy fix?

John's group actually helps them to improve their credit over the lease term.Ideally, you are marketing for both sellers & buyers at the same time, and hopefully can build up a list of interested buyers so when you find a L.O. seller you can make a quick match and put the two together.