If it’s an upgrade def raise the rent over time to settle w/e he’s willing to pay.

Never took depreciation or upkeep/capital improvement expenses on schedule E but always claimed full rent income.

It seems like the trade off is usually higher gross rent, but it requires more management and sometimes more issues with tenant conflicts and parking.

Make sure a contact name, phone number, and e-mail address are included on the cover letter.

Curt,You should have the contractor who is doing the work have General Liability and Workers Compensation coverage regardless of their trade. 

For those with significant experience doing this, am I better served using my benefits to get an MBA or to use them to take a myriad of courses at the undergrad level that could also help me, e.g. a few accounting courses, maybe some basic trades courses, marketing, etc. 

Nevertheless, is it still a good investment if it trading at a high cap rate and with descent cash flow?

Nevertheless, is it still a good investment if it trading at a high cap rate and with descent cash flow?

This project consists of 1300 acres being turned into a future hub for logistics, e-commerce and life sciences, set to generate as many as 19,000 jobs in Southwest Philadelphia over the next 15 years.

The timing of my business plan will be tied to her success as she starts her new venture (i.e. we can't both jump into new S/E careers at the same time).PSS - sorry for the previous post violating the rules; hopefully, this one is better!