Had some issues with the upstairs bedrooms (configurations were odd) and the converted garage and yard (had a pool with a huge piece of junk deck).I got it for 62k, put in 16k in rehab plus another 7k in closing costs and hard money lender fees.

As a rental, I'll need to put in another $25,000 ($135,000 total) to get $2,200 in rent.

Did you put in an offer?

It leaves few tools for your counsel.As a so called title geek, I'm in favor of accomplishing two things:1) Find the error of my ways, and2) Implement changes to my system to eliminate or reduce a risk in the futureI sympathize with your unenviable position, particularly because you're both stuck, distracted and hemorraging expenses, all at the same time and potentially for naught.

The previous owner had just put in a mix of laminate and vinyl wood flooring throughout the units.

If you want a lasting repair, your best bet is to cut out a section of the drywall and put in a new piece that spans a few studs on each side of the crack.Cost: patch job should be $30 to $50, or more depending on your negotiating.Cutting out a large section and putting in a new piece would probably be $150-$250.The wall texture will also determine how good the finished product blends and how long it will take.

They'll wipe down all surfaces, steam fabrics, moisture barrier in the crawl space, and put in a dehumidifier, if necessary.

That is precisely how the building would be depreciated.For say a stove put in the rental portion, you will depreciate it as 100% business use.

Whatever you have to put in the property would it make your property the most expensive on the block?

I think when rehabbing, some folks pull out old boilers and radiators and want to avoid the upfront cost of ductwork and forced air - so they put in electric baseboards.