No real need for anything super expensive.

These strategies reduce living expenses, offer easier financing options, and are ideal for college towns, urban centers, or large employers.

Most residential real estate developers have a certain operating expense margin they are budgeting for in order to make sure they are hitting their return requirements.

Thw more dense a project the better chance the numbers work. 30 inexpensive homes on 3 acres will pencil probably before 5 expensive homes will because you still have to spread your infrastructure across 3 acres.

In those situations, focus on value-add opportunities—like rehab, repositioning, or optimizing expenses—that can increase the return on your investment.Keep in mind, the 1% rule is just a quick filter.

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

Looking back at 2022, one of our largest line items was marketing expense for our new location.

Southdowns is also an option, but it's a little more expensive. 

Will be far easier to purchase more property with 10% downpayments vs 20-25% for each one.Umbrella insurance isn't too expensive, $2M for $1200 per year.Just be sure to run the properties as a good business, address any concerns brought up by the insurance company (they usually do annual inspections). 

I actually prefer if they were already gutted (less work and expensive for me).