We have to see how much rate cut cause that now will dictate debt investments.

The lease should dictate any free rent dates, so there should be no assuming involved.  2: If it is 100% occupied why are you paying any TI.  

Quote from @Gregory Schwartz: I don't dictate who they use.

I know this isn't the greatest time to get into the market and am well aware that Santa Fe is VERY competitive and low on inventory but my life/career is dictating decisions more than the desire to grow a portfolio in hotter markets (for now). 

If you want to maximize cash flow that would dictate where to look, if you want more appreciation potential, that would direct you to other areas, etc.

Your contractor should have at minimum a weekly status update mandatory dictated by them. you need to make sure an in depth scope of work and evaluation is performed especially because you have little experience in evaluating these types of projects.

As long as the city does not hammer the builder with connection fees  ( or waives them would be best) I can see this working well as long as folks will pay that much to live there and of course Schools will dictate how well it will do long run.  

Ultimately, that is what dictates the legally of that unit.

It's also important to understand local landlord-tenant laws since they can dictate how much you can raise the rent and the notice period you need to provide.Once you have that info, have an open and honest conversation with the tenant.

There are many accounting methods utilized in a business as these are the rules that dictate how businesses report their income and taxes for tax purposes.When should you use a Form 3115?