Depending on how "ugly" the exterior color is you might need to do that to get people in the door to see what sounded like an otherwise nice rental house.Adding a finished basement with another BR and a Bath is a good value play but I also assume the rent goes up a bit as does that houses value so you need to decide if it is worth it.The rent is a little lower than you saw before so that is a factor.

This will also include altering the side entrance.Paint/stain the exterior original cedar shake shingles (siding) and finish new siding design on the front porch.Lastly have insulation blown in the exterior walls.With this our home as well as the rest of the properties will be in great condition for the foreseeable future.

I would only purchase a brand new LLC created concurrent with the sale of it.

I'll start out by saying that I'm brand new to real estate investment, so please feel free to dumb down any of your replies to my post...

Hi Everyone,My name is Jared Craig, and I'm brand new to real estate investing.

Well, window are brand new and energy saving. the rest (HVAC, hot water heater, etc. age is unknown perhaps 15 plus years?

When I was first in the business an inspector found an attic furnace that had been red-tagged by the city for a safety/design flaw.

I am consolidating my personal brand and want to have my profile page set with the website etc i am developing.

In the lat 80's I watched an infomercial by Dave Del Dotto and was amazed to learn that there was a way to utilize both sides of my brain and have fun and make money with it.I love to design.

You typically have two years to find property that must have a similar use: Our friend @Bill Exeter has a great page detailing this type of exchange: http://www.exeter1031.com/1033_exchange_faqs.aspx#howSection 1033 US Tax Code(B)Period within which property must be replaced The period referred to in subparagraph (A) shall be the period beginning with the date of the disposition of the converted property, or the earliest date of the threat or imminence of requisition or condemnation of the converted property, whichever is the earlier, and ending—(i) 2 years after the close of the first taxable year in which any part of the gain upon the conversion is realized, or(ii) subject to such terms and conditions as may be specified by the Secretary, at the close of such later date as the Secretary may designate on application by the taxpayer.