Many investors think that if they don’t qualify for REPS status, they won’t be able to benefit from a cost segregation study.

Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

By staying adaptable and informed then study it and make decisions. 

I have seen 2 recent studies comparing initial cost of renting to purchasing.  

I'm not a CPA (although I do know a great one that specializes in RE specifically) but you can run a cost segregation study to accelerate depreciation into the first year to help on taxes (although this is phasing out, but can still be powerful), and may help with your plan to do Roth conversions. 

While serving as a VP of Retail Operations for over 20 years at a national retail chain, I consistently pursued real estate studies and successfully invested in several properties.Currently, my primary focus is on selling and listing real estate throughout the Atlanta market.

A cost segregation study is a great way to reduce your taxes, but remember, not every cost segregation study is the same.When considering different cost segregation firms do your Circular 230 Due Diligence and ask:- Does the firm have engineering licenses with the State Authorities, proper licenses overall, and proper insurance?

.$2,000,000 is going to improvements to the riverfront park adding playgrounds and splash pads.Since 2022 a feasibility study has been going on for a regional sports complex boasting 16 soccer/football fields, 8 baseball diamonds, 50 meter indoor pool, gym, track, and waterpark.There are several more project revamping old warehouse building turning them into trendy new dining and retail spaces.

Here are three that I like:CallboxOverview: Callbox specializes in B2B lead generation and appointment setting services.Strengths: Offers robust KPI tracking, multi-channel marketing, and high-quality lead generation.Technology: Uses proprietary CRM and lead management tools to track and optimize KPIs.SalesRoadsOverview: A B2B appointment setting and lead generation company that focuses on quality.Strengths: Known for high-quality leads, detailed reporting, and KPI tracking.Technology: Provides detailed metrics and performance analytics to clients.CIENCE TechnologiesOverview: Specializes in lead generation, appointment setting, and data enrichment.Strengths: Strong emphasis on data-driven approaches and KPI measurement.Technology: Uses advanced analytics to track lead quality and performance.Here is some information to consider when you make your decision:Reputation and Reviews: Look for companies with positive client testimonials and case studies demonstrating success in your industry.KPI Tracking: Ensure the company has robust systems in place for tracking key performance indicators (KPIs) such as call volume, conversion rates, appointment setting rates, and lead quality.Lead Quality: Evaluate how the company sources and qualifies leads.

While starting off with this strategy you could also be studying more about value-add options and start attending meetups in your area to get an idea of what other people are doing.