@Craig SimakHi Craig,That you have to ask that question means the answer is probably yes.If it were the 1849 gold rush would you be capable of leading a wagon train all the way to the gold fields of California, or would you be more likely to get there as a member of the wagon train.

But my local supply is limited.

On the plus side, the rapid growth and lack of supply is pushing up rents and pushing up prices. 

I’m not so sure that the supply/demand dynamics locally are accurately captured in their analysis but only time will tell.

In a market where there is little supply of older multi family unit.

Can i get the same deductions on repairs on the house or office supplies if i dont have an LLC?

@Edward Bowlby try local building supply auctions.

I thought more cash I can spend on supplies to finish my project.

What I'm asking is when taking out a loan for a property to purchase can I take out extra funding to make repairs on the home as well? I want to buy a property to rent out and use some of the loan money to make repair...

Choose the contractor you feel is the most capable and reasonable with the pricing.