However, the demo permit continues to be delayed so we are now thinking of putting the buildings into service (as storage rental space) this year.My understanding that this would allow us to do cost seg to get depreciation in 2025.

For rehab, I’d keep it minimal if rental history is strong—upgrade only where you’ll see a clear return.

>Promises of “easy” or “fast” refund with minimal documentation.

Pay minimal rent, perhaps something equivalent to the mortgage payment, so there is no cashflow. 

They have a one page lease that was month to month with minimal information on it.

., net-7 on verified milestones) in exchange for pricing and priority.Test small jobs first; promote trades to your A-list only after on-time, on-budget performance twice.Standardize to reduce wasteCreate repeatable finish schedules (same trim profile, faucet line, paint palette) so crews work faster and leftovers are reusable.Pre-kit jobs: one delivery per room (box includes all hardware, fixtures, and consumables).Contracting disciplineUse fixed-scope, milestone-based contracts with:Progress draws tied to inspections/photosNo deposit or minimal mobilizationLien waivers at each drawDaily liquidated damages for missed deadlines (after grace period)Written change order policy with price + time impact before work proceeds2) Time: Move Faster to Reduce Carry and RiskFront-load planningWalk the property with all key trades before closing; finalize scope, bids, and schedule ahead of day 1.Pull permits early; choose scopes that avoid structural or major MEP reroutes when timelines matter.Sequencing & overlapSchedule parallel workstreams (e.g., exterior/landscaping while interior demo proceeds).Use a Gantt chart (even a simple spreadsheet) to track trade start/finish, dependencies, and buffers.Daily control15-minute stand-up with GC or project lead each morning (photos + punch list).Two inspections/week: one quality, one progress vs. schedule.Keep critical spares on hand (breakers, valves, GFCIs, common trim, extra boxes of flooring).Tech + templatesSimple tools (Google Drive + shared photo folders, or apps like Buildertrend/Jobber) for scope sheets, punch lists, and photo proof.Use QR codes in rooms linking to the finish schedule for fewer “what goes here?”

We did not negotiate on price or timeline.From day 1, we were on top of things making sure there were no delays because of us and during the whole time he never once gave a reason for delays.

Wholesaling requires minimal capital but the upside is limitless.

Renovations almost always take longer than expected, even when surprises are minimal.

Throwing good money after bad to delay a negative report.