I've had my GC run through the property and he did not discover any leaks, so I'm purely confused why I'm seeing this massive increase. 

Quote from @Allie Whittaker: Hi, I'm looking into getting some knowledge on how I can help my other half with his business.

Happy to connect and knowledge if you are interested.

They’ve built a mindset that keeps them in the game.No amount of knowledge, coaching, or capital will matter if your mindset is weak.

So if you suddenly find a great deal and want to go for it, a tax return showing a massive loss could hurt your pre-approval chances.That said, if you’re not planning to buy anything else soon, deferring the depreciation might not be a bad move.

Shows how many BP posters are willing to share experiences and knowledge - especially when the questioner asks “nicely”, LOL.

Not having the proper experience and knowledge could cost you a friendship and is a huge liability risk for your friend. 

People chasing rainbows of massive profits.

You could structure it as seller financing or a master lease option to avoid a massive cash outlay while you stabilize the property.

We had delays from his lack of knowledge about the process and a city that was bureaucratically slow.