Generally Accepted Accounting Principles ("GAAP").

I Know It Was Discouraging To Read; Too): ( Principle Book Title Of: Millionaire Real Estate Agent) You'll See That These Principles May Applie To Almost Any Business.

I like your idea in principle, yet I have a few thoughts. 1) The examples you listed are Actives, not actual Sales. - It would be useful to pull some Sold comps to what you are proposing to build.2) At $225/ sq ft you are proposing higher end finishes.

ROTH is tax free distribution after you turn 59.5, and principle can be withdraw after 5 yrs (pls double check this).

My initial principle is around 74k with out renovation costs.

(I will ask more specifically to an personal advisor just asking in principle).

I would also recommend you look for the next MMHA principles of property management course and sign up, it is very informative. 

Every month you watch your principle drop by the amount of the payment.

They only do tax appeals, handle cases in all of Ohio and you deal directly with the principles vs. an associate.From the research I did before going with SDG, most (all?)

(especially as your portfolio grows. each lender is asking for updated everything)Your calculations miss a HUGE part of wealth building - equity building each month as your tenant pays principle on your mortgage.  ($500/month for me on my $460K home,   $100/month for you on your 120K home)Also, you have to compare apples to apples.