Example - I purchased an automotive shop with all the equipment intact at a bankruptcy auction for $117,000.

With carrying costs, repairs, and previous unknowns, I am now looking at approximately $65k as we are doing nearly everything ourselves (I own heavy equipment and previously had a contracting/landscaping business).

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Note that most all lead inspectors will do dust swipes (Lead Safe tests), but not all have the equipment required to do Lead Free testing so be sure you're specific in what you ask for. 

Be sure you have verified their identity prior to sharing any sensitive information.Here’s the IRS article for further information.Have you had any of these scenarios happen to you?

Bonus deprecation can be used on equipment and vehicles too.

However, it can now better accommodate someone with a disability, and they can add any equipment needed to further improve accessibility.

Best decide now whether you’re psychologically equipped to handle the risks of real estate investing

As a PM with 65 units, ours are basically identical to that

About imagining Capex you're looking at two things equipment end of service life replacement costs, including downtime of the unit for turns if there are problems getting the equipment quickly.