Prior to reading this book, I'd simply use the "% of rents" strategy, which I always found to be a little inaccurate because it's based on averages, and what rental property is "average", right? 

@Alphonso Fletcher- You could pay many thousands of dollars for a consulting service, or you could simply use what's available on this website. 

I would simply make a plan for if you had to pay taxes and penalties and if you can still make it work if that happens than do it.

Assuming you occupy one of the units, the costs associated with your unit are not expensed or depreciated at all…they simply raise your cost basis for gain calculations when you sell. 

If so, as John said, you can do fine by simply making sure you have an adequate personal umbrella policy.

Everything I am hearing about investing in the current market implies or simply states that the majority of “deals” are being done prior to listings even going active.

You can get these books for very little money on Amazon.com and usually for even less on Alibris.com.I'm not a big fan of simply telling people that they can learn everything they need to on YouTube.

@Fabian G.Happens all the time here, your Realtor (if you used one) should have educated you on the pipes.However in this hot market it’s very common for buyers to move forward with the piping as is.I imagine it will be difficult and expensive to hold your inspector accountable so it would probably be best to negotiate with the buyer or find a buyer who doesn’t care.I recently sold a unit to a buyer whom I warned about the potential issues and he simply didn’t care and moved forward with the transaction.

Not even a lawyer .Thank you[maybe I can do better on  letter but I'm just interested in the laws on it 1st - I'm 15 days in on that 30 day limit to return or conclude deposit/costs.]Thanks

Anyway, I'd like to add some language into the lease addendum for the next tenant that requires a penalty for simply walking away.