Is a cost seg worth it?

[Michael Rendon]

Hello all, I was considering a cost seg but my CPA is telling me that is it not worth it given the cost of my property. This seems out of line with what I see on social media so I was hoping to get some other folks thoughts. Below are some specific details... Thanks in advance!

I have a home I purchased in North Georgia in 2/2021. I acquired the property with an FHA loan and it was my primary for a year; purchase price was $350k. I lived in it for a year and since then it has been operating as a STR. I had it appraised earlier this year and the appraisal came back at $595k. I really need extra funds for another primary in the new year, so I am hoping that my CPA may just not be as educated on this topic, although it is worth noting the firm I use does focus on real estate investors so I was a bit surprised when he said a cost seg was not worth it.