For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

I work three days a week as an MRI technologist currently with 4 days off, so my thought is that I could definitely stand to pick up extra in hopes to make those connections!

Love the creative thoughts there Samuel.

I thought about delaying the move in date until the security deposit was in hand but then realized if they have issues with the deposit they would likely have issues with rent.

Some great stuff here that is incredibly well thought-out and will be super helpful for anyone looking at the Winston-Salem market.

Just a thought, are you in a position to develop other smaller project and learn from those experience first? 

Ideally, I'm looking for a general contractor or developer willing to engage in a revenue split arrangement or someone interested in a long-term land lease.Does anyone have advice on how to navigate this situation?

Great thoughts Steve, very informative. 

I thought the rule of thumb was that for a SFR, it’s 200 dollars and for a multi family, it’s 100 dollars per unit and it was considered ok.

Currently we are looking at a new Primary residence around $700k. Current primary appraises around $625k and I owe $100k on it. We currently have one significantly cheaper rental that has been working out well and has...