The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Maintenance, the life cycle of commercial W/D, and the cost of converting from coin-op to debit card operated? 

I’m seeing lenders holdback this amount.

What made you interested in investing in this type of deal?

Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.

does having a contract with a listing agent prevent you from buying properties ... directly from owners?

Keep your sites clean, reduce your liability exposure, keep your loss run reports clean and premiums from increasing. 2.

Could you recommend any resources or provide advice on the best way to approach this?

Hello, Although I have heard of this site before, I am just now getting my feet wet on the platform.

This is helpful.