Allocate your capital appropriately.

His plumbing allocation is $44,000...my other bids are between $25,000-$30,000 all for the same work.

I probably have about $200k to allocate to additional deals if I have no other income coming in, which gives me runway for another 2-4 deals at 25% down + rehab costs.

I said: "My concern is that I could be in the process of allocating funds and manpower to ensure that my property passes an inspection, and in the interim, I am flagged by your inspectors for being noncompliant.

So do we want to allocate time and money to making sure people who are lazy, stupid, or both are comfortable?

I allocated property management but I've been doing it myself.

@Richard Chang,  Your basis (read that gain) goes forward as an allocation into each of those properties.  

This logic is difficult for me to digest given this is mid-year and all the funds are allocated previous year.Anyone with experience or insights?

But maybe I'm just talking to the wrong providers and of course in a Los Angeles and San Francisco context where naturally more basis would be allocated to nondepreciable land than in other locales. 

Rather than have your retirement savings entirely allocated to equities, you can choose to hold a rental property in your IRA or have your IRA lend money to other investors.