You needed to be explicit to capture every thing to hold the sub to the fire if need be.

Residential class is just a lot easier to do the financing and the insuring, and you're not getting much more scale at 6 units.The downside is that you won't be able to directly capture any forced-appreciation on residential class (4 units and below.)

By doing this, he will capture the most equity and can go buy a home for half the price all cash with money left over to repair his credit, etc.

Is it for seller lead capture?

Depreciation can be captured now, but paid back later.

The pictures didn't do the work justice, so in an attempt to better capture the renovation process we've decided to give video a whirl. 

It can be more if you choose to have an appraisal done your home to capture a bigger heloc.

You may be eligible for a credit for the taxes that you pay to the other state.If you do the tax return by yourself - make sure to capture items on the closing documents onto your return.

Note that when combining (asset appreciation + depreciation capture + 1031-exchange) makes real estate a very powerful tool for wealth creation that all real estate investors should be familiar with.

I really wish you could capture the look on camera but it doesn’t come through very well.