Very nerve-racking for me being my first experience for sure, which is why I posted in the first place.In response to the comment about paying too much, everyone gets wrapped around that.  

My initial reaction is to tell you to get your head examined, but as I get older, I get kinder, so I’d like answers to the above questions before I tell you to get your head examined. 

Hi BP friends, I usually use PropertyShark to examine and compare properties for my analysis.  

As always, your tax professional should help you navigate these rules and apply them to your specific circumstances as with all tax law, there are caveats and nuances to everything which need to be examined!

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Hi Tony:The best way to handle is to visit the city planning department which zoning is usually part of to see if a variance is granted, and examine the plans filed.

IRS Publication 590 is a good resource to examine these items as well. 

It has to be just as nerve wrecking as conventional.

Hey everyone,I was wondering if anyone has taken a course for the Builder/Contractor License Exam in Michigan?

Have you examined your "value-proposition" for a tenant?