We are all about saving money on flips and renovation efforts.  

The time value of money still favors acceleration, but only if you have a clear path to eventually utilizing these losses.Don't let your tax savings get trapped in passive activity loss limbo.

Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties. 

I lost another $1000 in inspection fees but should get back $2000 earnest money deposit.

So sad to hear that all the time and money you or your clients invested and the trust you had for Delta Build were lost, in addition to the lost opportunity to otherwise make money.

So I get 4-6X rent for not much more money.

If you're still interested, take a trip to the site once ground has been broken.The flashy marketing material for a new development is great, but don't put your money at risk for something that's likely to vaporize.

The PM company doesn't really do anything with the 1099s since the rent money doesn't belong to the PM.  

With Laundromats the the machines are your money maker (I know duh, but hang with me). 

Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.