Due to the initial condition of the home, I had to get a construction insurance policy, pay a larger amount up front in an escrow account, and insurance is pulling monthly from that escrow account.

With $1M today, and $2M accumulated and invested over 13 more years, I think you are looking at an end state NW of ~$5M.Personally, I’d love an end state $5M portfolio that looked something like this:$750K paid off home$250K cash$2M stock portfolio (as much as possible in tax advantaged accounts likely 401(k), HSA, and less in the Roth in this situation).

How about a Reality Check, shall we.... 

I'd check out those sections in the Real Estate Strategies section.

Check the location - is it in a desirable area?

Note that you typically have two years from the date you paid the tax or three years from the date you filed the original return (whichever is later) to submit an amended return.FORM 3115This is a specialized IRS form that is used to request permission to change an accounting method.

For quarterly payments, that depends on what your accountant advises.

Hey Chinmay, check out this article about how DSCRs play into BRRRRs:https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

I'd check Lynchburg : https://www.meetup.com/lynchburgreia/I'm just north of there so I go to one in Wboro ocassionally. 

Are there any considerations I should be aware of and account for when under contract with a property owner who has an assignment contract with a wholesaler/investor?