Option two would be to have items repaired by licensed contractors to acceptable construction standards verified by an inspector of your choice after work completed and before settlement is done.

I guess I feel bad for the clients of that army of highly paid CPA's as Section 162 trade or business expenses was unaffected by the SALT adjustment of under the TCJA.

We are painting a rental. If anyone has recommendations for a grey color for the wall and a trim that goes well that you use please tell me! lol open to suggestions. Thanks in advance.

At first pass it doesn’t sound bad but I will need more details on general condition.

Might as well give you the good and the bad :)I am very much a risk manager, I look at everything:  the area, the economy, the ROI, the competition, the future, the demographics, what's my downside, what's my upside, etc.  

I was graduating college and I either had the choice to start my own business or get a job.I really didn’t want to work for anyone else.

We thought that rents could be raised as well, but also thought the asking price was decentIt our situation, we paid full asking price, but also asked for $20,000 at closing to fix various issues and have some in reserve in case things went bad quicker than we thought. 

However, those types of buildings (at least where I am from) are currently overpriced, or in really bad shape in bad neighborhoods. 

I would walk the property and see how flexible he is or if he would remove the 3 bad ones as part of the deal.

And I've never had a 1031 go bad because of it.You're right - you do not need to have a QI in place to go into contract.