I've been shorting the hell outta em for last 2 weeks. just took profits and recycled into MORE shorts today.

Make sure there's no ambiguity on where things like the cardboard boxes and Trader Joe's bags should go (if you have recycling, what day of week it's picked up etc.) 

The biggest tip I’d share is to really vet the PM and contractor side, since they’re the ones who’ll keep things on track once you close.Just curious, are you leaning more toward chasing higher monthly cash flow right now, or building equity to recycle into more deals?

Couldn't have gotten that far without being able to recycle my funds over and over again.

A lot of first-timers in the Midwest start that way to build momentum and recycle their capital faster.

If you are already vented and can do a sealed propane fireplace (glass doesn't open) I recommend it. 

And even with that, I can read a Grant Cardone book and find things that will help me.Almost everything everyone does now is just recycled material from the past as a lot of others were saying.

Keep clean job-costing between them.CapEx vs. repairs: Use written policies (de minimis safe harbor, routine maintenance) to maximize deductions and avoid reclasses.Cost seg on keepers: Especially on new builds—bonus depreciation can supercharge year-1 losses if you materially participate.Accounting nuts-and-bolts: Standardize budgets, WIP → placed-in-service checklists, and a closeout package (basis, 4562, rent-ready date).Financing: Bankable pro formas + leases; consider DSCR loans on stabilized assets to recycle capital.If you share your first target deal (hold period, bed/bath, est. rents), I can sanity-check entity setup, tax angle, and a simple “from WIP to placed-in-service” checklist.

Now I have had some that were not broken and needed spoons and glass removed and the reset button hit, but this is not often. 

The concept of creating value and recycling capital through refinance has been around.