Essentially their model is to take a 3/4 bedroom SFH, put flex wall it to 6 tenants and rent out each room individually.

He wanted to know if it was due to a leak in the wall with the a water pipe, which it was not.

Quote from @Jaron Walling: @Jordan Fujan I agree with your spreadsheet over the BP calculator.

We had a neighbors tree fall on our yard and took out our fence and a retaining wall - we had to go through our insurance.

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.

He was quoted in a recent Wall Street Journal article about one of the mentorship programs.

Then the walls for the living room and bedroom rooms fold out.

I would actually suggest you spend that money to get your real estate license and hang your license with an e-brokerage. 

Walls come down, kitchens come out, and bathrooms get a major facelift.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)