Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

@Jasmine Thermitus how much free time do you truly have?

Here's an article about the similar law for Portugal.https://www.theportugalnews.com/news/2025-01-21/calls-to-bri...I wouldn't worry too much about this.

Clean, brightly lit, clutter-free, modern luxury. 

Should I be worried that they might trash the house?

. - they just use whatever contractor is giving them the most free stuff at the time.  

They can't work for free forever until you have a property ready to be rented. 

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with. 

I know it is by means of assignment free in an assignment contract, however, what troubles me is understanding the process of assignment free.