To my fellow realtors - when you're showing a home that needs renovations or even on a listing appointment how do you usually handle those conversations about accurate cost and/or visualizations?

My Realtor got me what I'm assuming is the yearly P&L breakdown on the properties and it's looking like profits are 4,800/5,880/5,800 yearly after all expenses. 

I am having a tough time understanding how much due diligence on a project I must do before moving forward with acquiring the land.

Quote from @Jemini Leckie: You can take it out as wear and tear for the property since it was still on the property and the tenants caused the damage. 

It is more about the structure of the LLC (i.e. who owns the LLC).I would speak with a CPA about your question.Best of luck!

Just opening you up to considering it. 

I will happily pay a month in advance from now on if it is possible to do this for me. 

Personally I dislike the look of the drop ceilings, and don't believe that It will attract the type of renter that I would like to have in the unit.

While it is true that in the past lenders were happy to trigger the due-on-sale clause, this has not actually been the case in recent years due to some LLC-friendly changes in servicing guidelines published by Fannie Mae and Freddie Mac.

@Kyler Wright Got it, great!