Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.

Am I missing anything significant in this thought process? 

Either way, there are several people who make this work all the time.

On most any day you could find people walking dogs, or children playing in the area.

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot.  

This is a great place to learn and to connect with people so take advantage of all the great resources.

@Troy Smith We had an appraiser miss a 1/2 bath in the basement one time.

@Bayo Badejo, there are so many missing pieces here to even begin to give a real answer.What insights are you wanting?  

I currently have $350 dollars that is missing from a chargeback reversal from a tenant that has a document case with Amex and a statement to prove the money was sent back to me. 

Because they will already have reached their budget for selection of audit candidates.Any former IRS people out there who know?