I think that, for the purposes of discussion, the exact mechanics of the models are less important than the fundamentals of how and why people should use projection models.

It will take 1.5-2 years to recover the actual cost but less once I consider tax deductions and that will be an ongoing process I believe as I think the physical mechanical heaters will be deducted over the course of some years while the labor will be deducted in 2023 & 2024.

Published 40 + years ago and still the absolute best book on the mechanics of investing in notes.  

I suspect that as automation improves, this discrepancy will happen less and less.In all jurisdictions that I am aware of, there are mechanisms that allow for the property tax to be appealed (both upwards and downwards).

Tenants need to go through their own support systems and other support mechanisms before they come to me. 

@Warren AngNew builds have 10yr structural & mechanical warranty & one year comprehensive warranty depending on the build model you choose. 

MEP (mechanical,electrical,plumbing) maybe throw in value add like low voltage i.o.t. etc.

I'm interested in the mechanics of this. with a 2.1M purchase for 2.39M in property market value there is 290K in potential profit (I assume), which on one hand seems great, but after paying everyone pref return and any overhead and fees etc it starts getting thin.

I understand the general concept of it don't really understand the mechanics of how it works.

Want to stay away from Welding, Mechanics, etc requiring a lot of outside storage or parking.