Hi @Leeta Song and welcome to BP.

I was just watching an episode of Flipping Vegas with my wife and laughing about the fake husband/wife drama and artificial renovation scenarios and numbers when I swore I heard the BiggerPockets podcast intro song during one of the scenes.

I know investor types don't want to see an attorney, but see one on your lease, no, you don't need to put that in a lease.Congrats to Joe for going over 2000 posts, with the lowest % vote to post count on BP!

Then I received $8720 in reimbursement from the builder for going over the build time for a net investment of about $34K.

After my third vacancy, I moved into the property, brought my own stereo system down and proceeded to play barney "I love you songs" at 5:30 am, every day for a couple of weeks.

A SDIRA investment would forgo the benefit of non-cash expenses (depreciation) but would enable the investor to defer taxes until IRA distributions are made.

I've dedicated many of his songs to my wife when we were younglings dating.Lol.Anyways, Let's make some assumptions here before we tackle this multiple choice question you have posed.

In Phoenix I have been a firefighter for 8 years and a real estate agent in phx for going on 5 years now.

But remember that not every investing strategy is going to work in every market or for every investor -- while accepting lower returns is always an option if a particular strategy doesn't work in your market, the other options are to forgo that strategy or find a new market. 

Sorry, for going off in so many directions.