For this to be my first deal I was applauded at the closing for “not making any mistakes”.

With BRRRR you typically need to buy a house that needs a LOT of work because you need to get it cheap enough and do a large enough rehab to increase the value WELL ABOVE what you have invested into it.

The city required the road to be extended a few feet, along with water and sewer.

I don’t want anything in return—just hoping to network, make new friends, and maybe be of help or value to you in any way.If you're up for grabbing a quick lunch, coffee, or beer (on me!)

Expenses for your rental activities still have to all be on Schedule E, not C. 

Perhaps you mean, what would it be wise to know about the property.

A tenant doesn't qualify for a S8 voucher by making good financial and life decisions, so what quality of people do you think the system is dealing with?

A 1031 Exchange is also known as the Tax- Deferred Exchange, which allows the different shareholders as well as different depositors to reinvest the profits that these people had acquired as well as earned, most particularly when it comes from the different financial transactions of the property that the investor had advanced without acquiring different taxes from the government.

@Jeff Shaver There could be a problem with the plan. 

This extra road frontage now also qualifies my property to be able to be legally converted into a triplex from a duplex.