Really depends on what type of project you're working on whether its a full gut or value add where you'll pick and choose what you're looking to upgrade or not .

But it's all dependent on your DTI and other factors.

Might be possible depending on the circumstances.2.

All that said, depending on how low your adjusted tax basis is, having a taxable sale would be extremely costly. 

@Susan Authement interesting i live in both MI and AZ now -  i am not a cpa or attorney but likey you do not want your primary home in an LLC - AND depending on how  much you have made on your AZ home you might want to consider your tax free gain if you have lived there 2 years or more. 

Usually seasoning is 6-months or more (depending on the program) and the lender will want to see leased units. 

This is all new to me, so I have a few questions:-I see that the depreciation expense will depend on the completion of a cost segregation study.

Also depends on why he's asking for such a big discount.

Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

The contractors - it will depend what you need when you need it and you will want to vet them 1 by 1 as needed.