I just want to make sure the COGS total can be deducted in the year the sale is completed. 

One thing I forgot to do was jack up the pricing to account for the 15% commission, but I've since corrected.

Additionally, it can help maximize renovations and improvements.20% of the total depreciable basis was classified as 5-year class life.

Suppose you have $46,000 mortgage at 8% interest on restaurant, $22,900 SBA loan, $3,900 at 1.75% interest on a microloan, $23,00 on temporary 0% interest credit cards all for the same business totaling $95,000 in debt. 

Total monthly revenue 5700/month for all units rented as LTRs. 25% percentile rent on Rent-o-meter.

The homes I own total to 24 bedrooms, 8 bedrooms per home (1 master and 7 shared bath bedrooms).

Sorry I forgot to add that we would like to manage on our own rather than hiring property manager.

Interesting that your market is slowing, but Chris's market is doing well around Orlando.Jacksonville hasn’t been building as many total units as Orlando, but Jacksonville has been top 10 in the nation for building new housing units as a percentage of current stock.

We also don't like to be too heavily indexed in real-estate in our total net-worth.What would you do?

I would add:Over-leverage: seeing people get owner finance and someone to toss them a total of 100% financing plus the costs of renovation sometimes crushes them even if they come in on budget and have the right ARV as they miscalculate the time it takes to sell as well as forget about all the other costs involved in a real estate transaction.