Financial Transparency:Managing the budget yourself allows for greater transparency in costs, helping you to identify where money is being spent and find opportunities for savings.It's important to consider the potential downsides, such as the significant time commitment, the need for substantial construction knowledge and experience, the risk of costly mistakes, and the responsibility for managing permits, inspections, and compliance with building codes.

@Ryan Corcoran I would definitely recommend connecting with Delta Build Services, happy to send you direct contact information if you're interested!

BUT I think you are playing with fire.My primary job function is outside sales building relationships with realtors. 

See my other posts for typical renovation costs in Metro Detroit, and how to build a portfolio in Metro Detroit if you don't live locally.

Property values in Little Italy are really high right now, and they're definitely trying to build up the surrounding neighborhoods near University Circle. 

I know the Spanish market isn’t as strong as the states or Boston, but since I see myself being Spain longterm I have trouble starting in Boston earlier if I’m not going to be there physically from the get go.

I believe this approach helps build relationships with REI and myself. 

You will owe one year’s depreciation recapture but that should be a 25% tax on 3.6% of the building value, less than $900. 

Im in Massachusetss so I had Mass save (program to help with energy usage paid for by the utility companies) come through to do an energy assessment and identified there is little insulation in the entire building and that there is a lot of knob and tube wiring throughout the property.

A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.