Having this guy and his 1099 workers with no workers comp on your property was high risk. 

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 100%, a $1 million gas station acquisition could still lead to $200K+ in year 1 deductions depending on the specifics of your deal.

Definitely something that should be factored in to returns in some way,  IMHO if your going to be flipping houses at any velocity having your own RE license not only is going to obviously put more money in your pocket but can be a critical component depending on price point.

I would probably spend a few hours on title search for each one as the other component that is not accounted for is code violations etc.

Right it is important to recognize the emotional components to investing and make rational moves. 

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

If you are an investor who is looking for a secure, cash-flowing asset with a clear growth component, I'd be happy to connect.Thank you,Patrick

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Below is typical of our rental properties (click to enlarge).Provisioning for Major CostsTo calculate a maintenance provision, the standard approach is to base it on the remaining life of major cost components.

It will definitely be different in Davie, but a lot of the components are the same.