You can still do a cost segregation study (assuming timing isn't an issue), but the cost of the study may prove to be more costly in the long run for you than just taking regular depreciation on the property.

You are able to do a cost segregation study to utilize accelerated depreciation on any of these investment properties regardless of if they're LTR, MTR or STR.

Today, we’re diving into the vibrant world of Broward County’s real estate market. Whether you’re a buyer, seller, or just a real estate enthusiast, there’s something here for everyone. Let’s explore the trends, the t...

Study the market.

I've been studying everything (RE) and wholesale real estate for almost two years and looking to get my first deal done. 

Start by learning the real estate basics, study the market, set your goals, get a team of experts, make friends in the field, look into how to pay for it, begin small then grow, do deep checks, and go for it.

At this price point, would a cost segregation study even make sense to do on a condo so that I could take advantage of accelerated depreciation? 

You need to study IRS Publication 523 concerning Sale of a Residence.

I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.   

So, I would study whatever complimentary avenues of study that you think best suit you.