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. 

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.

Because he/she will know the process of buying / selling properties so they can be better suited to ask you the right questions.For example, since I acquired properties in the past, I know the ask clients if they got a home inspection/appraisal / survey prior to closing on the property.

They 100% represent their clients best interest, but they will not over negotiate petty points on a home inspection. 

The application, VOE, and final inspection fees are about the only things in here that are semi-not standard; those vary by lender.

(I used to do these inspections)