I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

Appreciation is how you can make money in markets where price points are disproportionately impacted by construction costs not with cash flow or flipping. 

Constructing new homes and selling them is extremely difficult and challenging.

The Prosper Construction team redeveloped this building back to it's original glory.

There are also home buyers who want to look in the area before they buy, home sellers who sold and have no place to go and want to look, contract workers in the area, construction workers, insurance displacement, and more.

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

Managing a company usually does not involve participating in real estate acquisition, management or construction.

Account Closed  absolulty I would in no way advocate second position or gap funding in any way.. for those that do not have extensive real estate and construction experience.

Not to mention you typically will have higher quality cabinets with plywood box construction and new hardware at the end.

I’m also looking into current market rent levels to see if there’s any room for rental upside.I’m new to multifamily investing, so I’m here for constructive insights to help me approach this investment wisely.