They mentioned that this is something that they informed the previous landlord about and they flat out said that they wouldn't fix it. 

@Brian NewsomeYes, you claim depreciation for ~11.5 months 2023 --- as I recall on SchE.It will all be recaptured via the other tax forms, e.g. f4797 and something like the SchD tax worksheet.Depreciation unrecapture can be pretty wacky on the forms if you are trying to figure it out yourself. 

I’m looking for something with 0% interest in the first 12 months and a large enough limit to complete a cosmetic flip.

Some of our clients want to have strong appreciation and something to leave for their kids or they want the appreciation to retire in 15 years.

That takes away their, "I don't want to." excuse.Is this something you need to do or want to do?

Here are some things I took into consideration:What’s your ROI on your 401k?

Am I missing something?

If you can get something that will cash flow better with the money, sell it and buy something else as a better investment.

Multi family you can get as low as 50k/unit for something decent. 50-125k/unit is the general range for prices to still have positive cash flow from day 1 with your typical 20-25% down payment. 1-1.5% rent/price ratio in most cases. 

I want my income to go towards something I own.