We haven't event gotten our minds wrapped around cost segregation and depreciation, and our current CPA doesn’t seem to have a handle on these concepts either … 

Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

I'm very good at running comps and determining rehab costs.

This plan also offers many integrations (at an additional cost) depending on what your needs may be.

If it's more complicated eviction.com may be your best bet to use they are pretty cost effective.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Smart thermostats, in particular, can help you monitor energy use and lower costs between stays.I hope everyone’s experiences and perspectives help guide you as you start this journey!

I do not think it would cost too much to tone it down howeverI got a $10k quote (minus fees) from an interior decorator recently to redesign.

Sherman does seem interesting though because of the lower cost and growth potential.  

For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.