I also agree with James about the legal component, our culture is more litigious than others but there's also less risk that a "lawyer" will run off with all the money here which I have experienced in other "rich" countries. 2.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

For larger properties, some of our clients run another cost segregation study at the time of sale.2) Partial Dispositions - Taxpayers can carve out and dispose of components removed or demolished from a building.

Unexpected Costs: Real estate has a lot of additional costs that aren’t always obvious.

Now, each lease will be unique, so you can't apply this across all commercial leases, but commonly, LL is responsible for exterior and structural components, while tenant is reponsible for any interior items.How to best explain this: honestly, I would request the tenants have their own legal counsel review their respective leases.  

The property negative cash flows 400 dollars a month (not counting unexpected repairs), but I gain about $15K in equity each year paying down the mortgage. 

This strategy, however, carries more risk and requires market knowledge to avoid unexpected costs or longer holding periods.If you want steady cash flow, go with the garage conversion.

Now you are over $2k and only bringing in $2100… If you don’t care about the cash flow at the moment and have a good income that can support an unexpected large expense then you should be ok.

You'll need around 20% of contingency for unexpected issues.

In the Pace Morby parlance I have come to learn that the gap funding or equity component is called and ET or "Entry Fee"..