Your question is really bad since there is no consideration to type of accounting methodology usedI am going to assume your company (partnership, llc, S-Corp ) uses a cash basis accounting for the building and not accrual accounting (example and explanation here http://www.nolo.com/legal-encyclopedia/cash-vs-acc... ) since the furnace is considered a relatively large capital expense in the differing methods would be treated completely differently.Also did you use any form of financing on the Furnace?

Cost basis must be at market price (i.e. no wholesale deals or value-added methods of picking up the property).

@Audrey Truesdale - Your methods returns very similar numbers that i'm deriving.  

@Austin CookeThe BRRRR method is not without its own challenges.  

The 2% rule is the only "method" I haven't used soley.

If you have an 810 credit score and drop to a 780, you are still in the top tier for obtaining the best interest rate on the Refi loan.Another way to reduce this credit score impact is to utilize velocity banking method.

I feel relatively confident the PM is employing these methods.

Just purchased a home and getting a plan to begin BRRRR method.

You can find deals there for sure but you might decide it isn't for you or that another method of acquiring properties is better suited for you. 

I don't think you need to worry about "Scammers" using the AirBnb Rental Method anytime soon....