I invested in the renovations necessary to create an updated and more efficient, functional interior space.

I invested in the renovations necessary to create an updated and more efficient, functional interior space.

I invested in the renovations necessary to create an updated and more efficient, functional interior space.

I invested in the renovations necessary to create an updated and more efficient, functional interior space.

My lesson that I learned from this experience, is to always make sure that a unit functions properly/normally before making it “look pretty” because even if it is very nice, if it does not work, it can potentially be VERY difficult to rent out, even in a market with a heavy rental demand.

You can take them to small claims court, but are unlikely to ever see the money. 

A 2019 court case decided by the Pennsylvania Supreme Court called Slice of Life, et al v.

Functionality matters.

As a result, these homes have reduced sale and rental values than they otherwise could.So, be sure you are creating a functional space with whatever designation you are going to give to it, and generally the more restrictive classification is going to be the best and highest use to strive for.

Now the home is technically in pre-foreclosure but there is no set court dates and they haven't received any letters or notices from the bank about them coning and taking over the property.