That does seem high.Best practice to avoid surprise water bills like this in the future would be to request copies of the recent water bills while under contract for due diligence.

It's commonly touted as a "lazy 1031 exchange". where you are simply letting a future cost segregation offset the gain of today.Timing could be an issue if your purchase and cost segregation do not happen in the right tax year. 

If you provide excellent housing and excellent service it is likely that your turnover rate will be lower resulting in less future vacancy.

Of course the last few years were an anomaly, but it's not crazy to assume that this trend will stay true going forward.Congrats on your success though!

I didn't want these or future tenants leaving because of exorbitant electric bills, so I made the decision to change out the inadequate electric furnace for a gas furnace.

Best of luck in your investing future.

These are a few of their oldest investments, so I'm assuming I'll be seeing similar "opportunities" on my other two investments in the future.

But any depreciation amount beyond that can be carried over to future years. 

Alot of the training teaches you about apps, and events coming in the future that are really commercials because ofcourse you have to pay extra for them. they have so many different parts and systems for instance I just found out today that the one on one coaching i thought I signed up for where they fund you deals and you split 50/50 has 3 parts.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.