A CPA specializing in real estate tax strategies can determine whether cost segregation combined with other tax strategies (e.g., passive loss carryovers, bonus depreciation) can minimize your tax liability.This post does not create a CPA-Client relationship.

The goals will determine the strategy (what you do) and the tactics (how you do it).

Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

It is maybe a couple thousand dollar up-front cost for the developers to determine the viability of a project.I work with experienced developers, who could perform & gather all this data on their own if they really wanted to, but the value that an engineer brings on these is typically worth their time & small cost. 

Take the time to write down a clear succession plan, define your investment goals, and outline what you want to achieve.From there, establish a budget and determine how much time you can realistically dedicate to completing repairs and renovations.Once you have a solid plan in place, secure financing and assemble a reliable, licensed, and bonded team you can trust to handle the rehab of your asset.I look forward to hearing from you a year from now about how successful your investment is! 

Understanding your goals before buying is key to determining what type of land to buy and how to use it.

You're getting some good advice on this thread, and I recommend contemplating this input and doing what you determine is best for yourself.  

Every REI has a starting point, a build up phase, and an exit phase (this doesn't have to mean out of REI...it refers to cash).The key to determining this is based on an investment plan, and where the REI is in that plan. 

Interesting, since when did it become HRs problem (or legal right) to determine that "he is supposed to have found housing already".