I've always worked in the opposite end of the market as the the properties are always new builds in prime location and highest standard of materials. 

The property was deeded intra-family and wasn't advertised online w/ photos3.

The remaining 10k was spent on materials, tools, and smaller electrical and plumbing contractor work.

I should have known that his bid was too low to be Materials + Labor.

It's incredibly shortsighted to depend on the government to fulfill their side of that bargain.I absolutely believe that student loan debt combined with millennial behavior in general (less desire to settle in one place permanently, more job-hopping, greater focus on experiences rather than material possessions) will impact the housing market.

The second big action item is that you cannot advertise that you do not accept Section 8 vouchers. 

Advertising is free, software I use is free, computers I use are personal and prof use.

(not making them pay the real rent advertised for example)This is an odd one but I am in the process of buying my first multifamily property and I thought I would ask you fine people :)Generally speaking, is it a good idea to try to keep the current tenants to reduce vacancy? 

AirBnB can be even greater returns but it depends heavily on the property, location, how much advertising you're doing, etc.

Accounting/tax questions:Many of us know that in order to qualify as a real estate professional status, one of the things you have to do is you have to perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Would the time reading books related to real estate count as part of the 750 hours?