For a project this size, a general contractor is easily a $10 million expense if you get stuck with a greasy GC.

Over the last 2 years that I've managed a short-term rental in northern San Antonio, I have experienced many small contractors that get so easily triggered, offended, and upset at me and my wife. 

If you are already up into the higher brackets, then it won't make sense to take a bit out every year since it will be taxed at the same marginal rate...Can't easily negate the tax obligations... 

You can easily check the taxes on any property if you have the tax map number.

A good Real Estate attorney can draw up a document very easily.

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.Columbus, OH, is where most of my clients invest, and it's a mix of both cashflow and appreciation.

My brother-in-law, a fire marshal, told me that even if the smoke detector is a melted lump of plastic and metal, they can easily determine if it was operational at the time of fire. 

That profit margin is so small and could easily be wiped out with holding costs. 

Hi AJ, Many of our investor buyers from CA have been more inclined to expand their portfolio to the Oregon due to location value. 

I'm very curious to hear if you can expand this out, definitely will be able to get the rents up if you can add this.