How do you typically balance cost versus quality when outfitting a property?

But you also mention "Compare being able to write off the $370,000 today versus having to depreciate it over the life of the asset - 39 years - that’s quite a difference!"

If it's the hours per week that is your question, then it's what you are doing on your nonwork time versus REI time. 

Not saying its a bad deal based on loan terms because it might make sense just know as an LP what you are getting into.Market Type & Competition:Determine if the property is in a primary, secondary, or tertiary market.Evaluate supply and demand, focusing on new inventory coming online in primary and secondary markets versus more stable tertiary markets.

What is the blended rate versus simply doing a purchase using a renovation loan. 

I haven't, but just make sure the mentor has personal experience/success AND you have access to either him or a qualified coach for as many questions as you want to ask, versus just buying a course like some people offer. 

A cash out refinance will typically be the better choice for a few reasons.A cash out refinance allows for a longer term 30 years versus a Heloc usually over 10 or 15 year term.

@Andrew ThomasSorry you I was shift my focus from purchasing my personal residence to purchasing my first investment property as a realtor you should have access to a program called realist you can easily go in there and search for out-of-state or out of County owners one of the best ways to Market is handwritten envelopes it is almost a guaranteed open versus any other kind of marketing realist has so much information how long people have owned the property with their mortgages Etc I would also try to find as many wholesalers as possible and sign up for their list and look at how they are packaging their properties you will need to go and join some investment clubs a national Club you could potentially join is called Lifestyles Unlimited I'm sure the information they teach is also available on Bigger Pockets at the end of the day if you have a great deal you will always be able to find an investor for it

Really nice backsplash, nice cabinets nice handle bars, but you didn't at least match the dishwasher with the other appliances (black versus stainless steel) and you use granite countertops?

This post addresses the first question above through my own research: appreciation of new construction versus older/existing homes.Scope & methodologyOut of Scope: I have found lots of articles on the pros and cons of buying a new vs existing home.