For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Key components in risk are demand, population growth, wage growth, market stability.

There is a comp on the block at $4,500 per BP rent estimator but it is larger with 4 bed and 3.5 bath.

what are the ramifications behind this component of being an agent and investor?

This will make it easier for you to comprehend how much each project component will cost.Budgets should always contain a contingency to cover unforeseen problems or extra work that may come up during renovations.

The components you outlined are excellent factors to consider. 

The first involves hiring an engineer or specialist, who meticulously categorizes components to maximize segregation and depreciation acceleration.

Networking and education are key components of success in any field, and it's great that you're prioritizing both.

Check all the CapEx components to the property and have a good contractor with you if possible.3) Schedule a cadence for communication and updates on the house, even if progress was minimal during any given week.4) Demand quality and coach your contractor.

., testing main components, general mechanicals condition, basic roof condition, any major red flags, etc.) for a lower cost.