What is a Cost Segregation Study & How Does it Work?

There has also been wide corruption discovered within the municipalities with several folks going to jail. 

Consider doing a time study of where your time goes for your real estate business.

Obviously, your son's preferences play a huge role in what he will enjoy/be drawn to study. 

Be sure you have liquid funds to be able to withstand these expenses.3) Study the market for yourself. 

Study the state landlord tenant regulations and see what options you have.

I recently devoured the book "How to Invest in Real Estate: The Ultimate Beginner's Guide" recently...which led me to discovering this community...which is leading me to thinking about my next chapter in life.

I highly recommend this read - by far, Jason is one of the most impactful and least discovered coaches I have found. 

(My commercial deals are typically 5-30 unit buildings, not multiple hundred unit complexes)Some LOI terms to includePrice, transfer taxes, concessions, contingencies, study period, closing date.

@Peter Mckernan @Mark Frattini@Allen Tracy @Katie L. also looking for a RE-savvy CPA in California who can work with me to execute the STR strategy to offset W2 income with losses from a cost seg study I'm conducting.