Turns out nobody else in the industry, including lenders, really understood the negative impact these loans would have on millions of people.

Here's our thinking: we can conservatively build multifamily for $200 a foot including land acquisition.

@Sumit Kaul- Can't really speak to that market in particular but ways to estimate the potential rent include rentometer.com, zillow.com (rent zestimate), and look on craigslist.org.  

This generally includes anything with a useful life of 20 years or less such as software and computers, equipment, specific building improvements and office furniture.When to consider bonus depreciation?

The common threads among prosperous real estate investors include knowledge, networking, and proactive behavior.

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

Same strategy -> Let the data drive decisions (include updated tax, interest rate, rent numbers, etc.)2. 

Dave Ramsey has a lot of great ideas including avoiding consumer debt, but he applies more to those who are risk-adverse.

The plan is to self manage at least for the first 5-10 years so it makes sense not to include this.

Spend some time conducting in-depth research, including speaking with a professional in the field, and base your choices on your objectives, your tolerance for risk, and the particulars of the markets in the locations you are considering.Good luck!