Hi everyone,There are couple of ways to value the price of land in depreciation, such as the 80/20 (20% to land) and Using Property Tax assessor's values, or getting an assessment of recently sold lots in the area.I was discussing this with one of the CPAs, and he shared that if the cost of building the house is more than the purchase price, then the land is essentially of no value. 

Shopping for insurance, appealing assessed values, shopping utility providers, making energy efficiency improvements, etc.

Here are some things to think about and suggestions for your case:Make sure the purchase price is in line with Sunny Side Place's current market circumstances by doing a comprehensive market investigation.

They will keep on going up as the assessed value of the house increases. 2.

., while I clearly don't know your investment thesis, and I agree that nearly $34k/door, even for a fully classic unit is A LOT of money, I would argue that 2-3 month rent is generally not realistic in many markets, nor is that how I assess rehabs.Personally, I look at potential rent increase, i.e. can I get $400/mo in additional rent by renovating this unit

On a similar note, does anyone have a reference to comprehensive life expectancies of items inside a house.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

This entails locating appropriate properties, assessing them, putting in an offer, carrying out due diligence, closing on the property, relocating and leasing it out, and maintaining the property.Start by looking for duplexes or multi-unit buildings in your desired neighborhood that are occupied by renters.

My personal risk assessment that I suggest to my clients would look at a worst case scenario of long term rent (12 month lease), furnished medium (30 days or more), and for short term.

Some steps you could consider: Assess Your Current Property, Educate Yourself, Define Your Investment Strategy, Explore Investment Opportunities, Market Analysis and Property Selection, Build Your Network, Due Diligence and Risk Management.