In general, the larger the project, the more you'll realize the benefits of modular, especially with custom.

It sounds like you have quite a bit going on, and I would recommend you engage with a CPA to discuss proper tax planning for you.With that being said, generally a business should be a separate entity, such as an LLC.

That is the general statement and a lot goes into determining how much and if it actually makes sense.

Suppose it is just a general purchase and sale?

Note: If you go to the same meeting each month, you can do detail tracking for a month, and can use same detail to estimate expense for rest of the year.( If nothing changed)2) Meals when traveling away from home - 50% is deductible unless the meal is provided to the general public (like Open houses) than it is 100% deductible.

IE you got a deal that has some great upside so the cost to get it is easily absorbed .. but generally not the case for most investors.. best to just wait and refi once.

Luckily Wichita's market seems to have plenty of solid fundamental opportunities.What do you like to see in your investments here in town or in general?

But generally speaking yes you can put that kind of money into the property if you get it at the right price.

Have you had any General Contractor do an estimated M & L. to make your repairs or updates that obviously need to be done. 

It will help you evaluate rentals, in general, better.Before the occupancy permit issue, it seemed like not an amazingly good or bad deal.