Here's some before and after pictures of a flip we recently completed for Urban Capital Group here in Pittsburgh.

Not sure if the lender is covering any costs or anything for you.

In a down market, it could be very hard to cover your expenses and then you have to wait years for appreciation.

All of their past turn overs were around 1500 - 1800 which the sec. deposits covered.

The IRS publications should provide you a very clear picture of depreciation. 

I also, can continue the eviction if the bank doesn't carry it out.4 bed 3 bath 2400 sqft with over an acre of landpurchase around $205k  ARV of $360-400k with an estimated reno cost of $50k The Unknown:for being an REO Occupied property, there are no interior pictures so I was only able to see the one picture of the exterior of the home (luckily enough I live a mere 15 minutes away and can check the exterior and neighborhood better)Connecticut has a crumbling foundation issue with many homes (crossing my fingers but also researched a little bit to make myself feel better)How much reno will be needed? 

Also when you are a principal to the transaction, your errors & omissions insurance will not cover you. 

I picture that I am going to find something I like, do my own research as to an ARV, get a contractor to go look at it with me and wait for them to give me an estimate. 

Would an estoppel cover this? 

@Gerorge Bailey Yes that will cover your 2 year history of employment.