There arent any inspections on this work just electrical, plumbing, and mechanicals. 

The primary emphasis of this budget was on renovating the rear unit due to its subpar condition.

Love the emphasis on “labor” 😂And love 203k loans.

I never assume that someone or an attorney can't pierce the mechanisms we've established to protect ourselves.  

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.