And, financed the build with a construction loan.How did you add value to the deal?

Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

I am going to document costs and upload videos showing the construction process. 

Your construction skills can give you a significant advantage, allowing you to save on rehab costs or even flip properties for capital.

Plaster walls and construction materials are very different than countertops and flooring.  

I was hoping to do a new construction Duplex.

Focusing on markets with strong job and population growth and open to new construction if the incentives make seenseWould love to hear more about the incentives you've seen.

Rent To Retirement sells new construction houses in growth markets, so your comments don't really apply here.

That’s when I transitioned to multifamily properties—where owning multiple units under one roof maximized cash flow and long-term returns.To support my growing portfolio of fix-and-flips, wholesale deals, and rentals, I started a construction company.

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.