Here's an article with additional FAQs on cost segregation studies that you may find helpful.

You should connect with @Fed Finjap; I just saw on another post that he is also buying in the Chicago neighborhood ofLakeview and he recently went through some lessons learned on a 3 flat in Chicago.Check out his post:  https://www.biggerpockets.com/forums/922/topics/1223655-refl...

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

At least that avoids the banks closing costs right now.

What is the best overall water metering company you have found when it comes to ease of installation, reliability, and the cost of the equipment and monitoring?

@Wiey Underwood Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

@Eric Lowe Here's an article with cost segregation FAQs.

This is very costly to an owner of course.

Mine cost $50 to set up and took 20 minutes on the secretary of state website.