In my opinion even as I know the tendency can be to push the envelope to maximize potential, right...LOL!

Then will help me renovate to maximize cash flow or flip for a profit.

There are some tricks and loopholes to this method to ensure you are doing it to maximize best efforts.

To maximize your profit you need to be able to go live as quick as possible with a great roperty. 

This idea really hit me when I was reading Gary Kellers, "The Millionaire real Estate Investor", when he describes how to increase your ROI and ROE to maximize your investments.

Maximize that first.

The fact that it looks like you don't have any debt will help for sure.. your investors won't get wiped out by senior loan.. .plus you would have a hard time getting loans on that asset class for more than about 50% of your true costs. as to tax benefits depreciation on on a 10k investment will hardly buy you a dinner in a year.as to others points if your really looking for tax write offs then owning the asset 100% and using leverage will maximize that tax benefit.

I got tired of the maximize my ROI rat race long ago.  

Reducing taxes is very important, but the goal should be maximal after-tax gains; not minimal income7.  

It can sound fluffy--"believe it and you can do it" but it turns out to be almost literally true: most people when choosing between preventing loss and possibly gaining will choose to try and prevent losses instead of maximizing gains.