This approach isn't universally agreed upon, so it's best to consult with a tax expert on this one.Keep in mind that when you start constructing the rental units, you'll need to shift from capitalizing costs to depreciating them.

Now I know better, but I think as a society, landlords should do a better job of expressing the reason behind the application fee.

Insurance is to shift your risk to someone else for an insurable event.  

Maybe i should clarify, I prefer to do business with companies that share similar political views as I, because those profits contribute to causes I tend to believe in, if i buy a Sara Lee Pie, they make a profit from that sale, and a small portion of that contributes to anti gun efforts, which i disagree with, so I choose not to buy their product, because I dont want to support that cause, this is a simple free market concept, it does not make a huge difference, but in my opinion, every little bit makes a difference. this is my philosophy, and how I choose to spend my money, and is the right I have in a free market society

However it does seem to be coming more of a common practice in today's society to push blame to others, instead of taking admitting self cause for ones personal failure to succeed.As I said before this isn't some get rich quick scheme, we provide real services and education to help one become successful in their your own business that they have to work at in order to become successful.   

In time, that may shift, who knows, but having the potential for multiple tenants and looking for value-add opportunity are pretty constant.I am a licensed broker with access to the MLS. 

@Saad Hameed To put a finer touch on it, my point is that virtually every part of the country is seeing a similar short term shift due to the pandemic and yet prices are galloping all over the map. 

I am also considering shifting my strategy and investing the money that I have saved into a short term rental to supplement my income until we can secure a multifamily with the VA Loan. 

My plan is to shift to a duplex using a construction loan and build it cheap enough to have some equity off the bat.

We were able to identify risks, and then manage and shift them, which is exactly what The REDMS is designed to do.How did you find this deal and how did you negotiate it?