@Colby Wartman- thanks ...Int only arms can be a  huge issue ....these programs are part of what caused the meltdown in 2008  as  many  borrowers  were  barely able to pay the INt only payment and then when the  full amortizing payment  was adjusted - the borrowers  couldnt  stomach the signifcantly higher  payment ...if you plan to payoff or sell the property  before  5 yrs  - then it might be OK ...otherwise - I would stay  clear 

It should not take you more than a month or so to develop a pretty good feel for your target property type and neighborhood just by driving by it.It will also give you a feel for if you have the stomach for real it.

With this information I could better understand if those issues are something I can save for and stomach a large deductible for, or if its common enough(like places with hail damage) for me to justify keeping the lower deductible. 

If you can stomach holding your reserves in a mutual fund like VTSAX go for it but most people would advise not to do that unless you can keep the money invested for a minimum of 5 years.

I personally could not stomach dealing with the drama associated with it.

Just make sure you are able to stomach any problems if they do arise.QuickBooks Online, Xero, and the likes of products are specific for accounting functions so it's easy to rely on them for keeping your accounting in good order. 

I was under water on a condo for years and years that I had to rent out until it finally sold for a price I was willing to stomach. 

Make sure this isnt just a little stomach ache and is a true gut feeling. 

If you have a real strong stomach, there is money to be made in Rochester as well, as I know some people do very well slum lording it up there. 

The question is this- in the event we cannot finish the work in time and cannot place the unit in service this year, it's clear that financially we would just have to stomach the 60% bonus depreciation... but what about the hours worked?