A third downside is if you are doing cash accounting (vs accrual accounting) you just pulled-ahead a lot of revenue from 2022 into 2021. 

TESLA is LIGHT years ahead of the competition in this regard.. but for daily driver to and from work 20 to 50 miles per day charge at home or apartment its a no brainier.  

Plan ahead of time on how your renovations will be funded and have a solid scope of work so not a day or dollar is wasted on getting it done.  

Bright side is you have sparked an interest at an age where you have so much time ahead of you, that i don't see why you cant 100 doors one day. 

So if you are prepared to wait for years and deal with the crap, go ahead.

We decided to go ahead and take advantage of the market and sell.

@Minilik Addis you can click on "Events" under the network tab here on Bigger Pockets, type in your area and look for groups or you can try searching on Facebook or other social media!

A master lease would definitely be a good option, although the seller would like to go ahead and sell it through owner financing and take advantage of the lower tax rate.

Of course, there are no guarantees in the investment world but a 2% increase in the value of a typical say $800,000 Bay Area home (increases have of course exceeded that rate historically) is $16,000, which means that in a given year you would be ahead $16,000 - $1,500 (i.e. $125/month) + 12 months of principal paydown. 

It is a bit much and if you do not have a competent contractor, it will be a head ache.