We offered 407 and asked for closing costs.

Time and practice will still teach you as you do deals but it will help you understand what things costs for the size of the property 

This gets you in the game with minimal upfront costs.Covering the Smaller Costs (Inspections, Appraisals, Earnest Money, etc.)Even when using other people’s money, you’ll need some cash for earnest money deposits, inspections, and carrying costs.

That's your cost. 

More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.

Again I cannot collect rent to justify this cost/effort.  

This can create a subtle but effective pain point for the landlord—especially if they’re not excited about taking on those responsibilities.

@Jonathan SniderFannie and Freddie do have LLPA's and the lower the down payment, the higher the cost.

@Jay HinrichsI try to avoid historic districts at all costs.

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.