We deducted the cost of cleaning the home, the carpet, and some other drywall and paint damage to the property. 

B borderline A market, is the cost to build worth the risk atm?

We have been doing this constantly in Boise as we are such a high appreication market, but still more cost effective than CA.

I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.

-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me. 

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

This is a great look cost preventative maintenance thing It also allows you to "inspect" your property periodically

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

But my other unit is less than a mile away with three units and it costs $100 a month for those three.it’s absurdly high. 

Today it has good cash flow (~$6k/month using 49% expense ratio) and is up ~$1m above costs.