The tax law does NOT define specific requirements or standards for cost segregation studies, and neither does the IRS.

If you took the hit and lost money on this one tenant, by what standard would you refuse to do so to other tenants in comparable situations in the future?

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

Hey Chris,Yep that is pretty standard to do, feel free to reach out if we might be able to help.

I'm concerned that if I place an ad to find people who will work on an hourly basis (in the area of the property) that I might have a hard time finding people who can reliably respond to emergencies during off hours, but I can't afford to have someone working full time or with standard on-call rotations. 

I have good standards.

If you want to blame yourself for not training hard enough or being born tough enough to handle the mugger or a dipSh** syndicator be my guest but I am not going to hold me, you or anyone else to that standard.  

With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for  a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).

We sign a completely new lease with the new tenant after we make sure that they meet our rental standards.

I doubt there were any projects, other than your standard issue Ponzi scheme.