I got a deal on labor as I know the contractor personally and helped out a bit with the project.

Many carriers are including exclusions for GC commercial general liability coverage and professional liability coverage for engagements involving condos and even stricter exclusions when dealing with conversions.

I am currently looking to Purchase and Rehab a House in the North Dallas and DFW areas.I am eager to Network with fellow Investors and Professionals in the area to explore Opportunities for Collaboration.

I own several other properties, have a great contractor buddy to do the work reasonably, but I've done many rehabs in my day and am unmotivated to do another.

I am located in Arizona and have been in manufacturing for 20+ years while my brother is an experienced contractor based in California. 

In the professional opinions and experiences of the investor community, what place in WA state would you invest in a Long term rental?

They want to be full service RE professionals.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Whether it applies or not it's always a good idea to check with a professional first so thanks for the reply.

.- Managing Multiple Projects Simultaneously: Handling numerous properties at different renovation stages requires effective project tracking, milestone-based contractor payments, and solid contingency plans to navigate potential delays.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.