I’d honestly rather just look at buying one off condos at this point, probably not gonna cash flow either but at least you take some risk off the table and can get into more stable areas with less construction (mainly NW)  

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 years for residential property or 39 years for commercial property.

2) Re the flip, Do you have any experience in construction, or dealing with contractors, as well as your local building department?  

Good to have a solid GC in place to spearhead the construction if you are new to building.

Appreciate your frank, constructive response.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breakeven while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Purchase price: $700,000 Cash invested: $100,000 Sale price: $849,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

I’m currently selling a unique Airbnb property in Cabo San Lucas, Mexico, which is partially constructed but operational with two rooms.

This is a single family house, wood frame construction with faux stucco veneer (the thin stuff they've used since the 80s).