But unless you are considered a real estate professional, you can only offset 25k of depreciation losses against your regular income per year.  

Great tools that get updated regularly. 

And absolutely use an architect on any project that is large in nature. 1) Asking for references is the typical way of vetting a Contractor, but think about it...is a Contr. ever going to give you a bad reference?

My only reservation is the higher interest rates on these particular loan products vs regular residential mortgages.

For me - Subto has been tremendously helpful for me.The post wasn't about BP, which I thoroughly enjoy visit regularly and use the online calc tools incredibly often.~ Randy  

It doesn't have a CO yet, so regular homeowners isn't an option.

At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....

It sounds like most of your issues were insurance-related, which indicates this is a risky market based on natural disasters or something.

The only management cost I have is my own time, which outside of natural disasters is 1-2 hours/week at best.

Who’s Disqualifiedyouyour spouseyour parents and/or your adoptive parentsyour natural grandparentsyour natural children and/or your adopted childrenyour stepchildrenThe spouse of your natural childrenyour grandchildrenAny fiduciaryAny people providing services to your IRA