Crime rate has been increasing to the point that not even us locals like going there anymore and to top it all off we recently learned that the city is realizing that sea level rising is in fact a threat and has been implementing new regulations for future construction to prepare for higher sea levels.

Attorneys office asked us to do a Level 2 Chimney inpection.

We've come across some items that will require repairs such as: Wood rot, couple places but especially one of the outside window frames, needs to be repaired ASAPMold Removal in the Attic, seemed to have a significant amount in thereRadon mitigation, it was 4.4 which the action level is 4.0 Pci/LWe have one water heater not functional and another one that may need replacing soonRepointing some of the foundation, there are cracks along the edges, especially near the gutter systems so we would like to get that fixedIf anyone has any general advice/recommendations on any of the items or if there are contractors that are willing to give estimates, we greatly appreciate it!

If the stated defect is any toxic or hazardous substance, then Seller, at Seller’s option238 and expense, may have the substance remediated, removed, or reduced to an acceptable239 level prior to Closing.

She had a couple of estimates, then had one from my contractor who was unbiased, not doing work, just an estimate because hers were from $10k to level it and try to sell the lot, good luck! 

Is the city responsible for maintaining it or what permits would I need to level/gravel it?

To all of my private money investors, from a high level, what do you want to see and hear that would make you invest?

One more question...In the video I shared above, Anson Young says he likes to search for real estate deals in cities of 100K-250K people, since that level population supports demand and there's less competition than in the major cities.

including the sale of the property can increase your tax rate.The capital gain(including depreciation recapture) gets added onto your income.Therefore, your capital gains tax rate may potentially be partially at 15% and partially at 20% depending on your income levels and the gain from sale.Furthermore, do not forget state tax rates + Net Investment Income Tax.Best of luck!

Most people setup an LLC for this for the added level of liability protection.