Before contracting on the lot, you should check with the local municipality to verify building requirements, current code requirements, list of required documents, surveys, soil tests, engineered plans, etc.Once you have identified your lot and finalized your estimate its time to build.You or your GC will get the permits.For the final build, there are 2 ways to build, as either a cost plus, or fixed price project.Hope this helps, let me know if you have additional questions.

Security deposits require separate handling - they should be placed in an interest-bearing account.3.

Also, your classification of the property as a rental has no bearing on the fact that you should be tracking your basis. 

For "black water" (waste from the toilet) we actually use a compost toilet so by the time it's full, the contents inside has been composted to be used in the soil.

Now you're operating a triplex, essentially, with 2 income-bearing units, even though the street might be zoned for SFH only, and it's totally legal (assuming appropriate setback etc etc).

If your intent was to hold onto the property and a bear moved in next door (True Story) or maybe you receive an unsolicited offer you couldn't refuse, so you decide to sell.

Fixed income- realize you’re talking about interest or dividend bearing.  

Removing non-load-bearing walls to create a more open and spacious floor plan can significantly enhance the appeal of a property.

Though I graduated from college in Tucson (Bear Down!)

What expenses are coming to bear?