When we first connect with every investor, we clearly stress that they should always overestimate their expenses and underestimate their income.We don't include expenses that are variable like vacancy, repairs and capex.We offer a suggestion on what they could be based on the past but we plead with everyone to underestimate their income and overestimate their expenses.Thanks again

You may want to send your tenants frequent letters and note to remind them and include dental floss in your list.It does not take a rocket scientist to replace a sewage ejector pump and any decent (not the idiots) handyman should be able to replace one.

. 😊  I've been thinking more about your question based on my LA experience, and some great advice I've read from three days of lurking here on BP from some RE veterans, based less on my fantasy but more on what I would do with your idea to start out at 1.5 and move into 3-5 million houses.First, it's all going to come down to your goals, here's a quote about that from Don Konipol (from the forum post https://www.biggerpockets.com/forums/519/topics/1150499-the-...Quote from @Don Konipol:IMO, the financial reasons for investing in real estate include 1- Asset Preservation2- Increase Wealth3- Current Income4- Tax MinimizationWhile these four are not mutually exclusive, the more you benefit in one area the less will be the benefit in the others, given normal market conditions, unless you uncover something everyone else has missed.

Here's our thinking: we can conservatively build multifamily for $200 a foot including land acquisition.

It usually takes 2-3 hours for them to work through the list, which usually includes over 100 properties.

This generally includes anything with a useful life of 20 years or less such as software and computers, equipment, specific building improvements and office furniture.When to consider bonus depreciation?

@Sumit Kaul- Can't really speak to that market in particular but ways to estimate the potential rent include rentometer.com, zillow.com (rent zestimate), and look on craigslist.org.  

The common threads among prosperous real estate investors include knowledge, networking, and proactive behavior.

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

(Form 1025 for a 4plex which includes sales comps + rent comps)