All units would be metered so data would be there to bill the tenants (so no ability to question the bill) but landlord would still pay the bill given we can not have 4 main master water meters (can only do 2 x1 master meter + x1 sub meter combinations). 

.: @Travis BiziorekAgree, I just think it's a question of timing.  

My question is do I have to recapture all the depreciation for tax in 2025?

Depending on the quality of the lead, how much work you’ve done with them, the exact source, the property in question, etc, they may range from worthless to worth a small referral fee.  

This community is full of experienced investors ready to share advice, so feel free to ask questions as you go!

Then start to scale.Basically the same questions no matter how big the project.  

Hi Karen;I am familiar with the Delavan market and can answer some questions. 

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

Purely answering the 80% vs 90% leverage question, in most cases it's better to reach for that 20% down.

Thank you Hi Eliane, I am in Baltimore and been an active investor since 2004, doing close to 20 BRRRR a year,and I am an agent, let me know if you have any questions.