And I also realized that we would have to re-tool our operations, which are 100% specialized to the type of property we have.So you don't have to go bigger, unless you want to.

are you looking to start working in the space or just learn more about owning and operating commercial assets?

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

If you are new to this particular strategy, you might be confused, but this is just a simple strategy that you need to understand and be aware of, most particularly if you are an investor or a shareholder.

I hope this question makes sense as this is our first year filing and our first full year of operation. 

Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations? 

Some good questions for him to ask each potential company are:- how long have you been in business- what is your fee (be specific on the number of properties involved and if it's forward, reverse, etc)- where is your operations staff located (ie where will be funds be)- what type of account will my funds be held in? 

If the seller is trying to avoid legal issues with the city for illegally operating a property I would get out of that.

I am logging in mine on a simple excel but am curious how others are doing it / staying organized.

Very satisfied with the results, operations and and the ability for both manual and automatic shut off before a leak can cause damage..