I plan to use this property as a short term/vacation rental.If the property won't be rentable/placed in service until 2022, I just want to confirm that I am still able to take some portion (as determined by cost seg study) of the 130k invested in 2021 as bonus depreciation in tax year 2022, right?

Your budget should be enough for the down payment, inspections, closing costs, reserves, rehab (even if it’s going to be years in the future), enough to cover costs when you don't have a tenant (potentially for MONTHS), etc.

I will place lot on LLC before beginning construction.Yes😀 I can build them for $200k-husband will do countertops, trim, tile, cabinetry and other stuff.Should I not finished, I have other reserves I can use. 

Hi Bigger Pockets Family,I was wondering how everyone handles their capex & reserves.

But I do enjoy the possible leverage financing can provide without depleting reserves to much. 

@Blake Ramsey if you have strong cash reserves, the area is a great location and you’ve done your due diligence roll with it

If there are numerous section 8 tenants interested still, I'll have them fill out the application once I confirm they meet the minimum requirements.

My reservation with BRRRR is that the flood plain would throw off a future appraisal (knock it down from a non-floodplain comp...10k?

However would like a little bit of confirmation i suppose to build confidence as well get pointers of what ive missed from the experienced.   

Just looking for confirmation.