So far so good.I do feel like you attract more tenants by offering the W/D. 

Madison is also poised for larger developments where you can rezone land and increase density.

You would continue to defer all of the tax and receive potential cash flow until the market becomes more attractive for you. 

I have a senior living project with entitled land ready for development, and I’m exploring options to attract investors who would see the value in this growing sector.If anyone has experience or can recommend a specific approach or network in our area that would be worth exploring, I’d appreciate the insights!

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.

Most likely because of their attractive flat fees!

Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.

If you don't have savings to get more property, the leverage would only increase and the risk so why risk something when you are creating a strong foundation?

Refresh your description by highlighting unique features, nearby attractions, and any new amenities added.

TIAErich  Erich - I would echo other's comments, but also point you in the direction of a Bigger Pocket book, "Estimating Rehab Costs" - It's a 2019 version, so the actual dollar amounts will need to be increased, but it can give you a good starting point for the process that you can refine/update over time.