I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

WHO's doing your led inspection?

Led Inspections, closing the POS, Sec8 and much more BTW if you are cash you will need about 1.3 mill, or loan about 350kish -400kish, 20% down plus reno Happy to share my knowledge.

Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

If we don't get a permit then does the inspector for the CO ask for it when he/she comes for inspection?

Hi Owen, We did a home inspection and the roof will need to be replaced soon. 

I will pass another inspection tomorrow, 

Especially this part: Walk-through/ inspection checklist with seller. 

As so many local landlords get burned by market rate renters.. they then go to section 8.. or whatever other Jackson housing authority subsidy. leases are for one year.. so you have your inspections every year and wear and tear is an issue. 

During your inspections, you can assess these expenses yourself.It's also important to step back and evaluate expense ratios to determine if they make sense.For smaller multifamily properties that are usually listed on the MLS, I would find a MLS agent who owns investment properties themselves, as they’ll better understand the process.