Read Section 8 books instead.  

Also, because your unit will probably be booked with a guest most of the time. 

My approach was to partner with a GC, so he handles the rehab estimates with his years of experience.Another option is to read J Scott’s book on estimating rehab costs.I've heard a lot about this book.

I know the podcasts and books speak about being in a deal with zero skin in the game, but that is an outlier situation not the norm. 

Hey Kareem -A solid first step is educating yourself through podcasts, books, and forums like BP.

A great book to get you started is The Multifamily Real Estate Investor by Gary Keller.

Anything more than a gut job is a plus in my book, I assume the worst. 

Some of them have gone on to write books and are regular conference speakers on Bitcoin.  

But one can buy a pearl every now and again I suppose kind of like playing the slots looking for that 100k payout :)

Book losses through bonus depreciation.4.