Beyond that, there is a MACRS depreciation on the table and is once again available depending on your situation. 

That is what a Property Manager brings to the table. 

Hartford, typically- is a time intensive, managerial headache. lets just say that the reconstruction of everything went nearly perfect.( Which if your first decision is to skip the professional planning process. seems highly unlikely. ) Anyways lets table this thought for a moment.  

Your classic newbie move is to focus on one deal for three months and then when it fails, the pipeline is a clean as a newly dug PVC sewer line.

In the past when buying a house, we had a seller say "on second thought, a lot of other offers are coming to the table, we will need to raise the purchase price $X to continue" which would also put us in a bad position if our 45 days is over.  

. - keeps garbage out of house and I could put a ping pong table for guests The cons would be: - higher cost to build - less cash flowLooking forward to any advice!

Have 2 deals on table approved stage one just dont want payout more $ for verification on stage 2 if this is BS

I've heard these horror stories before where at the closing table you wonder if this will close or not. 

There are lenders that will finance newbies, even at 100% of the purchase & rehab, but if the numbers do not make sense, the chances of that deal getting to the table are thin (especially if the lender wants to help borrowers succeed, not help them fail).The lender's underwriter looks at every deal, but especially the lesser experienced operator's deal to determine what is exposed vs what is the return.

Although the lower LTV means you’re leaving some equity on the table, you’re also minimizing costs.If cash flow is your priority, option 2 looks like a good choice.