Typically new construction properties will have more value placed in the structural components (27.5 or 39 year), which will leave less to be eligible for bonus depreciation in the faster depreciation categories (5 & 15 year)2.

A defined termination fee or short continuation of rent is usually the cleanest solution for both sides.For the future, adding a clear early termination clause to your leases will make these situations much easier to handle.

You’re already doing the right thing by pushing back on numbersThe fact that you’re underwriting conservatively and calling BS when a deal only works with:Aggressive rent growthAppreciation assumptions“It’ll stabilize later” logic…is a huge green flag.Early on, you want:Boring rentsBoring expensesBoring cash flowIf an agent keeps sending deals that miss your box after you’ve clearly defined it, that’s not market reality, that’s misalignment.3.

This is so not my style that I can’t comment but would agree about the wife component.

Remember, cash flow is only one component of what makes a property profitable.

Properly run, you are covered by your dues for major components such as roofs, balconies, pavement and parking, etc. and don't have to deal with landscaping and other items that you do with SFRs.Recently, attitudes toward condos have been increasingly negative because of increasing operating costs, insurance issues, and reserves that were underfunded during boom times. 

As a CPA, why would you not also recommend she divide up the component costs of the renovation(ie cost of cabinets, floors, etc) into separate depreciable components, getting 80-90% of the benefit of a renovation cost seg without the cost?

Cash-Flow is NOT a component itself, it's a RESULT. 

I'm on track to have the funds to purchase another property in my buy box I've defined by the end of this year hopefully, but I'm working in advance in order to prepare a network for myself in order to find better deals faster and easier.

When you shift strategies multiple times, you’re not starting completely from scratch each time, but it can feel close — especially operationally.I’d suggest defining a few simple filters to start.