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

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.

As the owner of Oz Realty, I wouldn’t recommend any other property manager in Toledo to take you on.Most companies don’t allow landlords to use their own contractors for repairs due to internal operating inefficiencies. 

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

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

They operate in Houston, TX., and Albuquerque, NM. 

Turnkey companies usually handle buying and renovating the property, then partner with a local third-party management company to handle day-to-day operations.

This question is definitely very location dependent - licensing across state-lines is a tricky thing to navigate so depending on the size of the lender they may operate in one metropolis or all over the country.

If you flip your flooring upgrades and appliances will probably need to be of higher quality vs a rental.

He said that he did adjust the cost basis..and that only depreciation can be adjusted, not operating cost and that my NJ cost basis is now lower.