If you want to maximize the use of FTHB goodies, then I'd suggest buying a home to live in first. 

In the living area, I would add a sleeper sofa or the murphy bed as you mentioned to maximize space.

We have an idea on what today but are seeking advice on hOw to maximize our effort.

Planning with a trained and objective third party might be beneficial in maximizing the efficient and effective use of your money.To paraphrase Eisenhower: A plan is nearly worthless, but the planning process is invaluable.Have fun in your retirement!

Doing a high-quality maintenance job by myself for a fraction of what I know I would have to pay a local tradesman (whom I am also sure would do an inferior job, sometimes an unsound job, as a matter of course to maximize his profit and minimize his time expenditure) also gives me immense satisfaction.Finally, I live in a city where outdated yet sound properties in passable locations can be had for very little money, fixed up for minimal cash outlay (as long as you do it yourself), and rented for competitive rates. 

You also need to project out if this will also affect long-term decisions to maximize the zoning if you think the highest and best use is to develop.

Assuming the roof is passable until spring, I'm wondering if i'm better off waiting until the new year to do the roof to maximize the deduction. 

That way you can maximize your borrowing potential.

And the leverage can then be used extensively to maximize net ROI between the two properties.2.

Hey BP,I'm new to real estate investing, and I'm looking for some advice on driving for dollars in a dense multifamily area. I'm in Sacramento CA and there is a large multifamily inventory. In my farm area, about 80-8...