I haven't used any of their products, but Blueprint has worked with me and my business partner to strategize on a project I'm working towards now with a new build in Galena, IL.

You have good advice above in that you aren't doing a teardown as a new investor; to even think it's possible is absolutely silly and a product of forums vs. real life.What's your why?

If your floor is not level, you may need to prep it with a self leveler product, which can be expensive.  

It allows you to put 5% down, whereas the minimum for a conventional product is 15% (I'm not a lender, but that's the last I was told by my go to lender).

@Dick O'Hare I have not used Blueprint's products yet, but I have a business partner who has worked with Jeff Welgan and that's how I was introduce.

I looks like the former, based on the following definition --"The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."

@Rys F.Be careful on the dumpsters - they get filled the trades will hit you up for delays and lost productivity if they are full and not emptied and they cannot do their work.

Hey- Tiamo from the BiggerPockets product team here.

If they disclose quarterly you get tailwind in advance there is trouble and try to get them back on track or know way in advance they won't make it so can start early to line up another tenant. 

And that’s what ppl think they can find if they listen to real estate podcasts that set improper expectations (and really just want them to spend money on their products/deals)That being said year 1/2 can be rough with unexpected (should have expected) repairs from the prior owner.