Parking is worth more than money down there in OB.....And I am pretty sure that your $$ numbers are low, about 50% at least.

I know, big expense right.

The paid version for sales has a lot more is not crazy expensive for a SaaS.

Are you looking at the maintenance/repair costs of the homes once in place, W/S/G costs. septic expense if applicable? 

Too many low income apartment buildings near by / vacant buildings. 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Too expensive.

Perhaps you have coverage for the replacement value BUT the insurance company when calculating the replacement property uses modern building materials like drywall but your original house had plaster which is much more expensive.

I focus on mid-grade quality items that are durable and pleasant to use yet not so nice that people are tempted to swipe them and are then expensive to replace.

For the BRRR method, houses that just require lighter work and have working utilities can be low hanging fruit and competitive.