SFR cost seg

[Christina Hall]

We are thinking of getting a cost seg study for an SFR that's a short term rental. We got an analysis from 2 different companies and savings wise it makes sense. However our CPA won't do it he says he can't stand behind the study since he has never done it before on an SFR. So either 1- we find a new Accounting firm or 2- don't do the study

Anyone have experience with this specifically for SFR and for an STR

[Alex Bekeza]

@Christina Hall All of my rentals are below $500K purchase prices and therefore qualified for "modeling cost seg" which is a much cheaper (like $400 range), report which accomplishes the same goal. I'm 100% commission based income and don't really have a ton of normal operating expenses so buying long term rentals in my pass through LLC and doing modeling cost seg on rentals has done a lot to limit my tax burden. I used Brian Kiczula from US Tax Advisors who was recommend to me by my CPA Igor Ferreira. I've had great service experiences with both guys.

Here's an example pasted below.  I xxxxx'd out the address for privacy reasons. 

As you can see.  A $400 report helped me save almost $8k.  This was a duplex I purchased all cash for roughly $89,000.  Refinanced a few months later around $86,000 with no rehab (purchased leased from distressed seller under market). Rents for $1,300 a month ($650 per door). 

I hope this was helpful.