Run the numbers looking at a 5 year plan.

Full construction costs I dont always get relayed to me by the developer, but we were significantly lower than even 1 million on the LS. 

Can you narrow the scope?

Then you do floors because you can't do base and case until the floors are in and going full costs of paint will just get damaged during the balance of the rehab (although I often complete the ceiling paint in total).

A) Marine Vet B) Savvy in the Atlanta area. 

That is far from “the norm”.

Turned out that the house had been owned by a family who lived there forever and ran a small beauty salon out of the house, so one of the bedrooms had been turned into the hair salon and the dining area turned into a foyer.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?

In return, we ensure the tenants treat the property as their own and respect the space they live in.

If utilities are present, the property is worth what other bare land properties in the area are worth.