I don't know about tenant/landlord laws in Connecticut, but you may want to take that into account too.The odds of your tenant fighting a small charge for the carpet--slim, but every dealing you have with a tenant builds a public image of you (not to mention speaks to your character).If the carpet is only a year old, then I, personally, would charge them replacement cost... any older than that, and it would be a depreciated replacement cost.The fact that you were going to replace the carpet (though it may speak to the carpets age) wouldn't directly have any influence in my decision to dock the security deposit.

All to make sure I did not unduly influence the appraisal.  

You never know who you are going to meet, who will influence you and help you along the way.  

There are also smaller scale meetups available on meetup.comHere are some great books that I have read and have provided some great insight not only in Real Estate, but also in life.Ultimate Beginner’s Guide – Here on BiggerPockers under “Education” then “Guide”Millionaire Real Estate Investor- Gary KellerRich Dad Poor Dad- Robert KiyosakiReal Estate Advantages– Sharon Lechter and Garrett SuttonThe ABCs of Real Estate Investing– Ken McElroyThink and Grow Rich– Napoleon HillThe Seven Habits of Highly Effective People– Stephen CoveyHow to Win Friends and Influence People– Dale CarnegieE-Myth- Michael E.

There are other things that can affect how much tax you owe at the end of the year and can influence how you file, but if you only have one investment property you are probably best to file on Schedule E rather than Schedule C.

Ithaca is an Outlayer statistically, there are many factors that influence this.

Here in Texas the seller is required to disclose any KNOWN material issues that may influence the buyer's decision.If the buyer walked away because the inspection discovered an infestation of termites, that would be a material issue which should be disclosed to future buyers.

Networking begins with your immediate spheres of influence - family, friends, colleagues.

Hard to read/influence the seller with listing agent in between.  

Considering they all have the same term of 12-18 months, and a projected net profit of 1.5x equity multiple, (a $1MM project, with a $1.5MM ARV) which would you rather:-Debt securities, secured by the property, monthly returns, typically at a higher rate, no accrued returns or profit sharing; or,-Preferred equity, higher risk, quarterly returns at a lower current rate, with a set accrued return which brings your total returns higher than would be with debt; or,-Common equity, highest risk, quarterly returns similar to preferred equity, profit sharing upon sale or refinancing the property based on your % equity ownership.Also, any additional information you're willing to share would be great such as the type of deals you've invested in and the performance/results of those investments, especially if they influenced your decision.