I'm a first time landlord and my first tenant moves in in 2 weeks.

You can create a trust to pay you out $5000 a month for a 39 month period of time.

This happens all the time, usually with heirs, but it can be squatters as well.

That cost segregation study wasn't just about accelerated depreciation - it was setting you up for strategic wins years down the road.Next time your CPA mentions §1245 ordinary income, don't sweat it.

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

During this time I read a Brandon Turner book and became very interested in RE.  

However, there are times when actual costs are not available and a methodology must be selected in order to determine the estimate.

I took a 5 minute video of a long-term unit and put it on YouTube, that saved a ton of time for Denver local prospective tenants!

Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

Permitting does take quite some time but you should factor this into your underwriting.