Also, as Jay Hinrichs indicated, you haven't deducted the land that is needed for the roads, curb, gutter and sidewalk, nor the costs of installing infrastructure (water, sewer, gas, possibly cable, electric, etc.) 

Then build outside Stairs going to the roof verandah and two porches and sidewalks.

Special assessments in areas like Harambee and Washington Park have definitely been hitting harder the past couple years.From what I’ve seen, a big driver has been infrastructure improvements, like street repairs, sewer upgrades, and sidewalk replacements — especially in neighborhoods seeing revitalization efforts.

But if you do a cost segregation study, you can break out the shorter-lived parts of the property that are eligible — like:5-year assets: appliances, flooring, lighting, window coverings7-year assets: cabinets, trim, select finishes15-year assets: driveways, sidewalks, landscaping, fencingAll of those could qualify for 100% bonus in the year placed in service.4.

There's the commercial corridor on Lancaster that will hopefully improve over time and be a benefit, and lastly, these are nice wide blocks with parking on both sides of the street and wide sidewalks so they feel nice and inviting and there's no drama on these blocks, very quiet. 

If I drive by and scope out a place I usually don't go far off the sidewalk, not worth scaring the occupants.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

The cost of the land, putting in the infrastructure that will be required, curb, gutter, sidewalks, underground utilities, (sewer, water, electric) Roads, Permits.

I challenge you (or anyone on BP) to articulate the scenario where the Wyoming LLC will provide any benefit whatsoever to a $100K property owner in PA.Most in your shoes wrongly believe the WY LLC allows them to hide in the cloaks of secrecy and in the event something bad were to arise the perceived anonymity will discourage the aggrieved party from pursuing a claim.....tell that to the Plaintiff's attorney who gets a call from a prospective client who busts their ankle on your icy sidewalk, the tenant who is living in conditions that fail to meet the implied warranty of habitability standards, or the contractor you stiff who files a mechanics lien against your property. 

If the POS inspection has yet to be done, there's the opportunity to renegotiate with the seller if you are to assume the violations, especially if costly exterior violations like driveway or sidewalk.