Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

My main goal is to build good fundamental knowledge so any and all help is appreciated!

I have septic tank separate for each unit in the back  with dozing tank with motor in middle Elgin septic system in the front of building.

Heck, even within offices, the small 1-tenant office buildings suitable for a dental practice or law practice, those are in a very different world. 

Low maintenance building, top-end rents for the area due to the extensive work that was done and the location.

It’s crucial to build a solid relationship with your contractors, ensuring they understand your expectations and budget constraints.

Hi Calvin, if is it listed with anyone, it may have a similar address and a realtor posted your address by mistake,This happened to me a few months ago whereby I own a condo in a community that has 3 building and I own A6, but they were trying to list C6 and only added 6 to the MLS listing lol.

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

Picking up 3 properties. 1 remodel/rental, 1 demolition/New construction and 1 that I'm hoping to build a duplex on.

@Juan Perez Turning your primary residence into a rental is a great way to build your investment portfolio.