Corey- I am thrilled to hear about your decision to invest in real estate.

We can see where I might be able to help you make some sound decisions as you move forward.

With their expertise, investors can make more informed decisions about which properties to pursue, helping them assess potential return on investment.

I'm not trying to talk you out of it, I'm trying to help you make a well informed decision.

@Tony Thomas Even though it does not appear there are any meaningful tax advantages, I believe the lesson to be learned here is to focus on making business decisions that are best for the real estate and operation of that real estate.

Why is the decision based solely on what the past owner did or didn't do?   

I had a client come to me just yesterday to manage their property that I had to have a real heart to heart with.I asked them what their primary goal was (cash flow was their answer) and what the projections were that they used to make their purchase decision. 

While this decision cost me some money, based on others experiences expressed here on BP with this and other builders, I have no regrets.   

I'm curious, if you were to invest elsewhere, what areas would you consider and what factors would drive your decision?

You need to do more than a day of fixups - painting, carpet steam cleaned, cleaning all drawers and appliances, exterior touchups.You have a "perfect" process set out, but it's one that will push you to make a bad tenant decision and not vet them properly.