Just understand that one mistake can be very costly.  

Your point about long-term mindset really resonates with me; it’s crucial to consider how a property will perform over the years rather than just the initial cost.

That makes a big difference on what is available for submetering, type of technology and cost.

The Court did NOT explicitly indicate whether or not it would qualify as Section 195 start-up costs.

@Paige Kehoe cost vs time will be your biggest challenge!

Hello guysReno got costly on this last BRRRR deal.

Even after you have title, if there is a redemption period in that state, then you want to wait until the redemption period has passed before you make any costly repairs or upgrades. 

@Ahmed Aboelela When I’m unsure on the cost of something I call around to different vendors and ask for estimates on pricing.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

If there are no changes to the space the rebuilding costs should be the same.