You would make your money on the spread between your lease payment, and the one you are receiving.4 - The added benefit of the Option Agreement, is you can have an Option Agreement with someone else which could be the same person your are leasing the property to, but doesn't have to be. 

We did not have VA benefits yet.

Your transport and installation costs are higher which offsets some of the benefit of the construction savings. 

My only real benefit is having a company take care of my own places, and because this family is so dear to me, I will just keep it going. 

I don’t think they are make or break for your decision, I just think they are good things to know.In NH, you also have the benefit of no personal income tax and no sales tax, but the property taxes are typically much higher than Massachusetts cities and towns.

For everyone else the overhead burden for doing remote business is too great and more than eats up the benefits.

So it benefits you to set one up once you get a rental property under contract.

I understand with flips I can receive the greatest tax benefits.

This way you don't have to do all the beforehand research but still reap the benefits!

There are some things you can potentialyl break out so make sure you have separate costs for materials/labor for:Land improvements, paint, flooring, appliances, blinds- there are few other more specific as wellA good REI Tax Strategist can help ensure you get the most benefit from your renovation