Of course you can get discounts for having certain items FULLY updated, like plumbing.  

Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation.

or, do you cash flow only after you've set aside money for capex and other items? 

I was the seller doing a 1031x and it lowered the net sale.I didn’t realize the closing statement items were handled a different way and not included on the SchE.

The itemized damage estimate that my insurance provided me lists an Actual Cash Value that is 15% higher than my Dwelling A Coverage. 

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

-Why not include a contingency line item in your construction loan rather than raise the contingency funds from your equity partners?

A lifelong friend and I are motivated to (virtually) meet and connect with those in REI working in the Pittsburgh area.I'm active duty military and living in California with two rental properties (one in Virginia Beach & one in Pittsburgh) and my close friend owns a single family in Baltimore.