I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Grandpa and Grandma take five acres on the back forty and punch in a well and sewer (when it was cheap to do so), run some water and sewer lines with the old backhoe. 

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

I also have camera's on many of my multi-families so that helps(only on exterior)Keep pushing man!

Just a builders risk policy if you are doing an extensive rehab on the property and then a landlord dwelling policy when the property is rented.

It's almost like they tack on a few hundred dollars to the order and forget to charge sales tax

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

I think that psychologically does not line up with seller financing.

Here's some online software options that you commonly see recommended on BiggerPockets.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible.  Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost S...