Quote from @David Epstein: I everyone, I know this is an older thread, but I'm also now getting into properties in the Albany area and am in need of a CPA with real estate tax knowledge for advance planning.

There are 4 of us and between us we have 6 properties, 4 single family long term rentals, one out of state str, and one mixed use commercial/ res with 2 apartments.We also specialize in rehabbing older homes in the area, we've worked on houses built in the 70's (1770's), the 1940's, and unfortunately a lot of stucco/ siding repair on homes as new as 6 years.

You have just made it thru the slow season of every year.

I’m looking to connect with those of you who are actively using or interested in the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to scale your rental portfolios.Whether you’re new to BRRR or a seasoned investor, I’m here to discuss best practices, potential local opportunities, and ways we can collaborate to make your investments efficient and profitable.

@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".

Work with your attorney for what is needed to insure all subcontractors get paid by the General Contractor.Make sure the insurance covers Construction period and also materials.Talk with your Commerical insurance agent and they should address the above questions with you.If this is an older facility make sure your engineering firm has covered Fire Suppression systems and any Storm pond or drainage systems. 

If it is a fannie/freddie loan, it does require 2 years of seasoning and a new appraisal.

Would it be more expensive to buy an older property like this vs buying a new construction in TX? 

Interested to hear from both seasoned pros, and people who got into this area of investing recently.....

One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.