Cost Seg on a STR Reno all Self-done

[Michelle Curran]

Trying to determine if a cost seg study is worthwhile. Our purchase price was very low $225k and land value about 30% of that. We renovated property doing all the work ourselves so I'm not sure if we can factor in our labor into the money we put into the property, not just materials? I am a Realtor qualifying for REPS and my husband did all the labor material participation in the property. It seems like with the low purchase price we might have to use one of the online calculator type services.

[Costin I.]

@Michelle Curran - Here is a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY). Hope it will give you some guidance in your quest.