I did excessive due diligence on the company (combing through hours of BP reviews, BP forums, RTR webinars, reddit, podcasts, social media posts, connecting with other investors, etc).

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

The information shared is based on my experience and industry knowledge and should not be considered tax, legal, or financial advice.

Your thesis is basically rent low and accept less desirable tenants so I don't think that is the best thesis to base an investment off.

As you read these books, watch the BiggerPockets podcasts.

If they are based on usage you typically bill them back.

🌲🏕️ 🔹 114 acres of outdoor fun, developed in two phases:🔹 Phase 1 (60 acres) breaks ground in mid-2025, opening fall 2026🔹 Budget: $8.7M for design, permits & Phase 1 construction 🏞️ What to Expect in Phase 1:✅ 1-acre dog park (separate areas for big & small dogs) 🐕 ✅ Bike trails & nature-based playground 🚴‍♀️ ✅ Scenic rest areas, restrooms & picnic shelter🏕️ ✅ Multi-use path along Eastfield Rd + parking 🚗 📍 Location: 13729 Eastfield Rd, Huntersville, NC 28078 📊 Real Estate Snapshot (28269): 🏡 Avg Home Price: $384,732(+5.1% YoY) 🏠 Avg.

I’m Mark, a new real estate investor based in San Diego, leveraging my background in AI-driven lead generation to find off-market deals.I’m currently looking for small multifamily properties (duplexes, triplexes, or quads) to rehab and house hack, to build long-term cash flow while living in the property.Outside of real estate, I’m into fitness, golf, and exploring San Diego’s best outdoor spots.

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.