MJ-RR
Returning Member

Vacant rental property for entire year due to extensive repairs.

What if the rental was vacant all year to do extensive repairs? The previous long term renters did extensive damage that required a complete remodel to eliminate black mold throughout the house, replace damaged cabinets, replace all flooring, remove and replace drywall etc. The repairs will improve the property since the cabinets, flooring, fixtures etc. will be new, but the repairs were necessary due to the damage and mold. To complicate it, so that I could save travel time from my primary residence to the rental I have been living in the house while I do all the work. For background the property has been a rental for over 25 years and the last tenants had been in it for 23 years.  It is the only rental I have and I am also considering the option of selling it after the repairs are complete (by the time I'm done it will have been vacant for over 2 years).