Detailed studies break down every component for maximum depreciation ($3,000–$10,000).

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

I used the proceeds to buy another property that had an obvious value add component.3.

That in itself is a skill and a needed over head component to keep from having investors get very antsy and then take to SM because they are not getting their e mails returned that day or next .. 

Anthony Klemm, cost is just one component.  

This is a fundamental component of the BRRRR strategy that I have yet to understand.Or, does it not make sense for the friend to invest in this deal if they're primarily looking to flip? 

I have even had to remove the skeletal remains of disconnected K&T that was totally cut and not in use due to my insurance company wanting all existing components whether functional or disconnected to be removed.

But joining a good Mentor and Networking group can be advantageous if you are missing any of the needed components. 

Be an area expert on contracts, zoning, value add components, contractors, and so much more. 

When buyers see this they automatically feel the work was done professionally.I will either be present or have a PM present at the home inspection for my sales that have a builder warranty component.