But first the backstory….My father immigrated to this country over 30 years ago and has been able to acquire 4 properties in that span. 1 family home in long island, two 2 family homes in Queens and 1 vacation home in his country.

Looking at lots listed for 15-25k in Texas satellite towns to initially hold then eventually build class A/B duplexes. 

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

Inspections are very good for homeowner buying a primary residence because its a huge purchase in their life and they usually have little knowledge or experience, but many experiencedinvestors myself included feel confident that we will see most anything an inspector would. 

I own a recently renovated 3 bed 1 bath  in the Greensboro area.

I bought a SFR with a completely built out In-law suite in the basement.

We're in FW, TX, and building duplexes to hold and rent.

I bought a place and the seller had to put in a new septic field, rest of it was fine.

., including in Bali.