We're open to all strategies, buying, selling, renting, etc.

@Will Almand A cost segregation (cost seg) study can accelerate depreciation on your properties, reducing taxable income by reclassifying components (e.g., appliances, HVAC) into shorter-lived categories.

Purely answering the 80% vs 90% leverage question, in most cases it's better to reach for that 20% down.

The rules are pretty complicated and the only people who really know all the terms and rules thoroughly are the Rent Levelling Board.Caveating that I’m not an attorney so go seek your own advice but I clarified a few things at a recent rent levelling hearing (which are open to the public and you can find the schedules with a simple Google).

Nothing under the table, you can do all of this on Airbnb or using Hospitable easily.

Are you building for pure investment purposes or are you looking to use some of the space for personal/personal business use?

Be sure your lender is comfortable with this, as many fear giving folks primary loans for properties they view as having a high probability of being turned into a purely investment.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

All work done to raise value after TOD is not legally in that stepped up basis.  

The $10,000 yearly maintenance fee is really hurting your cash flow, as it’s eating up all your profits.