Just curious, where specifically is your apartment complex located? 

Oh, forgot to mention, this was prior to self rent rules. 

Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.

We had a third party report done for our prior offerings (similar to how a mutual fund has a third party verification report to verify the returns). 

So if you have one unit advertised for rent on 6/1, another on 8/1, and another on 10/1, this will affect the depreciation  % on the tax return.Repair vs capex: capex would typically include all costs prior to the property being placed in service INCLUDING mortgage interest, insurance, property taxes, utilities, etc.

He had the opportunity to interview the seller and mngt prior to closing on the home and chose to work with them.2) As always recommended, this investor conducted full due diligence by having an inspection and appraisal.

Be sure to read the rules located in the footer of every page. 

A lot of my clients are seeing great success in C/C+ locations that are in the major areas of growth, so they get the mix of appreciation and cash flow. 

The MTR (midterm rental) strategy accommodates for people looking for 30+ day stays.I think you have a solid location with two stadiums nearby, now it's just a matter of tapping into the demographic/market for people looking for housing.

I am located in new york city.