I would just factor in the difference between $800 and $1500 until leases run out as part of my 'closing costs'. 

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

We are purchasing a home very close to Clemson on a sliver of the lake and want to airbnb/vrbo it.  

The additional time to close will more than pay for itself in the long run! 

As elections get closer we will likely see consumer confidence start to become more uncertain due to the political climate and then resume again after elections are finalized.ibuyers and hedge funds are also ramping up acquisitions which is further pushing demand and lack of affordability.If/when the Feds do lower rates we will see a temporary improvement in affordability, however we do expect that small window to close quickly as lower rates will bring a lot of pent up demand back into the market which will push home values higher and cause affordability to worsen.With all factors considered here in the local Las Vegas and Henderson market we are encouraging buyers to buy sooner rather than later while they can get lower prices and seller concessions and then if needed refi later when rates come down and they have more equity.

What is the land close to?

If I’m already close to market, I don’t raise.

Just closed on my 1st multifamily property.

OK, you paid 50K for a house, spent 5K in closing costs, 15K to rehab, and you net (let's say) $500 a month. 

Purchase price: $60,000 Cash invested: $40,000 Sale price: $125,000 Fix and Flip in Louisville Kentucky.This was our second project in Louisville and it was masterfully done by our crew.We were in there the moment the house closed and our investor was able to sell it in less than 5 months.New roof deck, kitchen, bathroom, flooring, paint.