I didnt mention I already have a trust and yes the plan was either to put those in the trust.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elementsBasic HVAC componentsThis 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.

I haven't seen anyone ask if you are planning on self managing.The investors that I work with now find the hybrid of the two a better place when they are just starting and growing. 

Also, make sure that they have money in their accounts in case things don't go as planned.

Are you planning to rent it out or live in it?

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

The plan is to acquire a tier 3 license.

LVL material, preference for an open floor plan, make this renovation very popular.

Does Shiloh's rehab credit plan ring any bells to you?

My plan is to mainly focus on cash flowing properties that make the 2% rule.