You would need to track everything you spend on the business unit and write those off and anything shared would be times 50%.

Reality is owners do NOT value/track their own time, but handymen and contractors start charging the moment they leave their home or office.

The most valuable lessons are issues that stop you in your tracks and you devote time and effort to solving them.  

He's helping me to narrow down a potential multi-family property that I will be house hacking, (the deadline I have given myself to be in it is May).

Multi family is my type .

We have flipping, advanced investors, woman only group, 101, multi family, landlording etc.

Whether it’s reconfiguring layouts, adding square footage, or converting single-family homes into multi-unit rentals, the goal is to unlock value where others don’t see it.Distressed properties aren’t for everyone, but for those willing to put in the work, they offer some of the best returns in real estate. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I mention this because there aren't as many multi family homes on the market in PHX as you'd think. 

If that is true I think you're on the right track.