This would help reduce the amount needed for a bridge loan to fund the acquisition and renovate the four vacant units.

The implication is to lower rents requires reducing the cost of ownership.  

If he’s open to it, that could reduce the upfront capital you’d need while making the process a lot smoother.

We discovered problems that required a lot of work and significantly reduced the property’s value, forcing me to lower the price.

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

. - Consistent Payments: The rent portion covered by the housing program is guaranteed and paid on time, reducing the risk of late payments.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

Contributing to a Solo 401(k) or SEP-IRA can reduce taxable income, and Section 179 or bonus depreciation lets you deduct equipment costs upfront.

I have dabbled in real estate, but never heard of brrrr before now, and transparently never did much research outside of knowing that property ownership was a way to reduce my taxable income. 

I also would like to reduce the audit risk due to large bonus depreciation. 

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.