Remember, if you have a contract and can't ultimately assign to a third-party, you're still responsible for closing on the deal unless you have a way to terminate the contract prior to the closing date using a weasel clause. 

You need to have the rental placed in service by the end of the year.You can get the cost segregation study performed prior to your tax return being filed, therefore, this can wait until the following year.You should have a conversation with your accountant to see if a cost segregation study is worth it.The thing is that you don't want to waste money on a cost segregation study that might not be beneficial to you in your case.Best of luck!

However if you were able to see that there was moisture in the basement and that they had humidifiers running, then it may be a tough case to argue that these things weren’t disclosed when it would have been obvious there was an issue with a basic visual inspection prior to closing.

I spent spent many, many years as a banker prior to us forming this company during the last crash.

I had to learn to establish relationships with people in the real estate investment field prior to purchasing and building.

Looking at outside markets can work very well, but you must have a team in place prior to purchase.

I believe you have to ensure all current tenants have the right to decide first whether they'd want to purchase the units prior to the conversion.

This post will help taxpayers understand how to maximize accelerated deductions by examining a number of Sec. 1031 exchange rules and how they are affected by cost segregation studies.

Sometimes this stems from using brokers who have to go shop for loans and do not fully qualify a project prior to issuing a term sheet or a borrower not being fully truthful about themselves or project.

Bridge cash out is a great option, especially if you cannot access the property bought at auction prior to closing.