That graphic is disturbing.  :-)

The longest I remember which is what all my transaction records is 7 years, there are 1 year and 3 years, but I told my bookkeeper to keep everything for 8 years (except those that need to keep permanent like incorporating papers, EIN filings, etc) to be on the safe side.

Ultimately, I ended up doing what you did and had two submeters installed and incorporated each unit's responsibility for their portion of the monthly bill into the Condo Docs.

., it seems to me that this might actually be a good reason to incorporate.

***Thank you Greg, though the clause was incorporated, I like your wordinbg better.

At the end of the day my main goal is to be a self-employed real estate investor as soon as possible, rather than grind out time in corporate. 

Maybe if you incorporate some unique amenities you'd have a shot at getting higher rates. 

Costs Costs that can be financed 43200 x $140 = $6,048,000 building costs       $75,000 pool       $150,000 site work       $85,000 land       $10,000 design fees       $60,000 civil engineering       $5,000 legal fees (condo incorporation)       $100,000 developer fees       $288,000 commissions and closing costs       $7,000 web design       $6,828,000 total financiable costs Costs that cannot be financed       $1,092,480 closing and interest costs Total cost       $8,208,480 total costs Total cash cost $6,828,000 x 0.2 = $1,365,600 down payment on construction loan       $1,092,480 closing and interest costs       $2,458,080 total cash cost Revenue, Profit, and ROI       $200,000 estimated sales price per unit 36 x $200,000 = $7,200,000 revenue $7,200,000 - $8,208,480 = ($1,008,480) profit ($1,008,480) / $2,458,080 = -41.03% ROI

My listing in Greenville SC is in a reviving industrial area so I've incorporated some industrial elements into my listing https://www.airbnb.com/rooms/788487343968059581?

-Value or Appraisal ProcessAny building 4 units and less will be heavily appraised based on comps. 5+ structures weigh more heavily on the income approach (Value=NOI/Cap Rate) but also incorporate comps in the areaThe beautiful thing about all the questions you posed is that there are professionals in each one of those areas that can assist you further without having to expend all your time and energy trying to figure it all out on your own.