This seems to be breaking down new construction and is a national average so kind of hard to read into this what it means in general but I would not expect a 665k new construction house to be my target for a rental property. 

Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?

Also being able to write down/document goals I set earlier and see if they are being hit.

Take this example and remove the LLC as a part of this conversation for simplicity.

ya Open door capital struggles are well documented..

Try this link: Publication 5653 (6-2022)

What's up with this?"

I'll wrap this post by pinging two other Japan-based American investors for their thoughts (until they actually tell me to stop doing this): @Steven E.

This can sometimes help with regulations and building codes.Just my 2 cents. :)

Sharing proceeds can be documented through a contract or settlement agreement without title changes.