Just a heads up.

I would imagine this would be close to a balance sheet.I'm not sure what my CPA would want, but that looked pretty inclusive since I categorized my transactions into their respective categories, ie property management, and repairs.

I would keep and organize all of your communication around this issue, including gathering pictures of the unit and the area in question that was repaired.

Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.  

Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

There's some who are more so there to help advise as I make my own path presumably with the ability to identify issues ahead of time.

Also, they will NOT stop paying UNLESS you do not do the repairs in the time allotted.

Yes, if you are confident in your numbers....particularly the repair/reno numbers. $20k is not much and will be eaten up real quick.

You'll likely have inspection related repairs every year.

Should I go ahead and develop the land entirely and risk losing that money?