Your background in the trades is going to be a huge advantage moving forward.

He could be buying his portion as a primary residence (so maybe an advantageous interest rate). 

I am asking because I have an opp to move over to MI for a job and was going to take advantage and buy a new primary there and convert the recent SFH that I bought into another investment - want to make sure I am crossing my t's and dotting my i's. 

They take advantage of peoples ignorance (or at least try to).Always get a receipt for the materials they purchased. 

Start...as a realtor u have many advantages.

Please seek a professional Definitely think each has their own advantages.

I'd highly recommend taking advantage of all the free opportunities out there and especially here on BP.

He mentions numerous advantages of paying with cash.When you pay for a property and its repairs in cash, and then when you're ready to "refinance" though, what kind of loan are you going to get?

Make more money for the sellers and yourself with higher commissions.Gain a strong understanding of the contracts and the market place....maybe any agent from any brokerage can do that, but being in a large brokerage with 100s of agents and lots of data, perhaps can give you an advantage there too.   

One of those advantageous tax laws is bonus depreciation, also referred to as accelerated depreciation or first year depreciation.Bonus depreciation allows you to accelerate your depreciation by increasing the amount of depreciation that can be written off in the year that the asset is placed into service.