Talk to your CPA BEFORE you start the process.

You need to keep in mind that this should be a long term hold at least to a point when you wanna convert back to CAD that you are not losing on conversionWhen i started in 2012 it was like 1.05-1.07 

I'll be happy to refer your partner whenever there's a client ready to start a project.

From my side as the CFO of a developer, GC, and property manager, I see a 12-24 unit building(s) as the sweet spot to start—big enough for economies of scale, but not so huge you’re drowning in management complexity.Case in point: we’ve recently wrapped up two 12-unit apartment buildings, brand new construction and cash flow ready from day one.

After reading Rich dad poor dad when I was 16 and began reading more of his books it was clear that a duplex was the way to jump start my career as an investor and more superior than a single family when it came to cashflow.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

As someone looking to start their investment career in Philly, this was super helpful. 

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

I am getting ready to start my first spec home build.

Rents started to come down and I had to leave a lot more money in projects that I was in the middle of.