Great area, rents are decent, but I expect the amenities they can offer will make a small building tough to compete.   

This helps me with pricing, and I try to keep those prices current so I know what to expect when putting on a new roof, or replacing windows.  

That can help give some guidance on what to expect for capex budgets.

I do not expect this will happen as, but it's a possibility nonetheless.Thoughts?

Should we expect to have difficulty filling the last couple months of MTR because the MTR calendar will show less than 3 months available starting April?  

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late. 

@Jennifer T.

The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”

You can set up searches and get instant alerts, as well as open the app to see what's for sale around you using GPS.Keep that investor mindset when buying your primary residence and make sure if you want or have to move sooner than expected you have exit strategies in place such as buying something that will rent and cover it's own mortgage.

Which is code for- has a great profit margin after expected repairs.