I'll be adding value based on the Scope of Work which will consist of cosmetic improvements to include the following: painting of interior/exterior, power washing, cutting of lake grass, upgrading bathrooms, new kitchen appliances as the kitchen cabinets are in great condition, upgrading of electrical outlets, installing of new lighting fixtures, cleaning of tile flooring and etc.

@Jim Morris you got some prettrenters good advice already I’ll just say, when people feel powerless they go overboard and try to act like they do.He clearly is delusional and thinks he has power.

@Kris Marmol  Are these going to be rental properties? 

Kris L--I purchased this at the Sheriffs Sale and paid cash so there were no closing costs.  

@Kris Marmol I have only used two HMLs, and this is recent for me (2019).

Using the BRRRR method is a very powerful approach to start RE investing.

@Chris A.Isn't this just called "bargaining power" in Econ 101?

@Kris L.

It's just that they have no bargaining power to change the terms. 

That's the power of tax deferral and compound interest.Besides 1031 has been in the code since 1919ish.