It's great to give people a break who need it and are working so hard to improve their lives, good for you!

By way of information the market is improving where there is more inventory and the pricing is settling back down on single family residences.

Since this is our first go around at house improvements and landlording, I thought this would be a good forum to pose the question to folks who've been doing this for a while.My main question is... how did/do you approach creating a timeline and budget for making certain updates while you're living inside the unit.

The next and this may have changed due to improvements  but we had gas dryers and the ignitor glow bars would fry due to particles and lint attaching to the bar.

Shouldn't y'all have a joint account together?

Used to improve property. $300 current minimum payment.

Improved neighborhood, which former owners and neighbors were elated about.Other investors came forward to make backup offers after I was under contract.Lessons learned?

The taxable gain is calculated as the difference between your net sales price and your adjusted cost basis (original purchase +capital improvements - depreciation).Depending on these factors you could actually have a much larger (or smaller) tax from the sale. 

We are stabilizing the deal by getting actual leases and helping the seniors improve their credit by helping them in various ways through the utilities.

If a property isn't selling, it needs to be cleaned up, improved, or the price needs to be reduced.