Are you factoring in regular maintenance, CapEx, turnover costs, or paying the PITI when you have vacancies or a tenant isn't paying? 

I thought about buying a non developed lot in cash, subdividing it, clean it (take out trees and bushes), get permits, and start building 1 property sell it and then build the second one...The problem is that I am afraid of going this route because of messing with sewer, water, electricity...

You can file a Chapter 13 which will protect your home and its a clean way out.When you file a CH.13 BK its not the end of the world it simply protects your home since its your homestead from foreclosure.

But get an LLC and rent from it personally...any cleaning expenses, paying your mortgage etc. come from the LLC's bank account, any outside money that you need to fund the account will be a capital contribution and then you will be able to do cost seg on that property.

Bonus depreciation may end but regular depreciation is available for the amount not used under bonus depreciation.

If it persists, I would hire someone to clean it up and bill the tenant back.

Seams aren't perfect but are not bad now, looks like it will end up being a regular maintenance task but at least I don't have to pull up the baseboards anymore!

With some cleaning up and small renovation you can get up to $2000 per unit.

Also they can always go to a charging station or plug into a regular outlet.

The 734 “votes” (relative to 660 posts) tell me that you, on average do a great job posting valuable information to users on these forums, and on a regular basis.