Keep in mind that only the "building basis" can be segregated and will benefit from accelerated depreciation.

This is the reason homes are so much cheaper than cost to build.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Is this a new build?  

For new builds and some rehabs they are vented but in some conversions or apartment remodels I will opt for the ventless units.

One of the side benefits is that I can avoid the whole draw/inspection process (not overall inspection, just the ones tied to the draws) and don't have to worry about draw fees.

., the new RI rental registry and associated lead paint inspections/certificates).It's up to you whether you're able to do it, but I think you'll get a lot out of the experience if you can try it for a year or two.

I have been a Building Contractor for over 30yrs.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

We have vacationed in this area for the last 9 years, infrastructure is building, and teardowns and renos are rampant.