Once the loan is paid off, you now have an incredible cash flow producing asset with no debt attached to it.12) Easy to RefinanceAs property values increase over time, rental properties are relatively easy to refinance.

Attached is a LA Times article discussing the ordinance in further detail.     

I am getting different advises, some people thing I should not build on property that I own and where I reside because it would increase my property taxes and it would attach me to the rental property (meaning I would be personally responsible for any losses).What are your opinions?

For instance, if I have many private individuals that I knew who wanted in, then I'd go the private money route and keep them all separate to minimize some portfolio risk and keep that personal attachment.

I took as many pictures as I could to show the extent of the mold damage and have them attached.  

It's straight line, 27.5 years for residential, 39 years for commercial.For other assets, this is where the "it depends" part comes in.You may be able to take Section 179 depreciation (essentially expense the full purchase amount) for equipment type items, not attached to the building.  

Inside unseen, the numbers look something like this: (MAO) 22= (ARV)90-(Rehab) 36-(Profit)2... its a 4/3 1700sqft(approximate) with attached garage in a middleclass neighborhood...

Details: Each floor would be a separate residence containing 4 bedrooms and 5 bathrooms (a bathroom attached to each bedroom and a central house bathroom).

That way, even if you don't use their cabinets, you at least have a jump point for going to another cabinet manufacturer.If you need help with the layout, and you can send me a scaled floor plan and some images, I would be happy to do a little hand sketch for you of a recommended layout :) No strings attached, I am just trying to network a bit here on BP as an experienced designer and a fairly new real estate investor.

The lending field seems cut and dry on the basis that once the rate and approved lending amount is locked in the client should be able to work with a local agent, and not have any other strings attached on the lending side.