It sounds like you have the last item incorporated in your plan. 

Nothing to scare you away, just make sure that is captured in your calculations. 

Just floors and paint will eat up 2/3 of that, you will still want to put in new trim, new vents maybe, and a few other minor items. 

But, I feel at same time some items can be discussed on a broader sense as best practice etc (like how you've set up/manage the LLCs). 

It’s a big focus item for me in 2021.

@Darius Ogloza is correct in this is an item you should have known prior to sale.$1300 sewer bill sounds like a past due bill from the previous owner, though?

@Chad Coleman as others mentioned, it's probably one or several of these factors: priced too high, isn't marketed correctly, doesn't have the right combination of amenities for its area, this is the worst time of year to list, and this is the worst year to list since the recession ...it could be one of those items, all of those items, or a combination...A suggestion:In most markets, price reductions have increased exponentially...however, I constantly see sellers making small, almost meaningless price reductions of 1-2%.

If you later demo the property, you do not recapture bonus depreciation on these items.

Now that the market has cooled off a bit, people are taking a step back to reevaluate, and this massive lull is a great opportunity for people who know what they are doing, know their markets, and know how to make the cash to genuinely swoop in, and capture so many dollars that are being passed up on by so many investors.

If I get a HEL on an investment property to build a primary residence, is the interest on that loan considered interest on a residence that can be deducted with itemization?