In one of my markets assessments are performed every 3 years, and the cost of 3rd party appeals will cost 30% of 1 year savings. 

For myself, I negotiate things down pretty far or else I cut or don’t take my commission and help my customer out.

Buying the land right (at a good price) will determine the end result of cash flow (if building the home to keep) especially as you factor in Holding costs and Builder fees. 

Popular markets often include beach towns, mountain retreats, and areas with strong tourism.It’s also important to research local regulations, occupancy rates, and management costs to make sure the numbers work.

Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

I know the tax hit isn’t ideal, but I’m wondering if the long-term cash flow benefits outweigh the opportunity cost.

Cost segregation utilizes the MACRS approach.

@Jay HinrichsI try to avoid historic districts at all costs.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Firstly, you can save costs by paying your VAs directly.