The IRS has not established specific standards or requirements for the preparation of the cost segregation study.

I am on one property it funded although I was never told that until I discovered it myself recently.

What is the standard process from start to finish so we can eliminate as much risk as possible?

is it as bad as we hear it is.The property is located around Greater Grand Crossing Close to E 71st street and the 94 highway.Greater Grand Crossing is violent, even by Chicago standards.

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Stricter lending standards could be introduced, making it harder for investors to qualify.

Or the listing agent.If you have a provision on assigning leases to the buyer and transferring security deposits in the Offer To Purchase (in Wisconsin that's part of the standard form) the title company will put the SD as a line item on the closing statement.

From my experience, the way the property looks and feels when a tenant moves in (especially curb appeal) sets the standard for when they move in.

I got the Discover It Secured card in high school and used that to build up my credit. 

Was able to get a meeting with the seller and negotiated using evolving knowledge of construction and deal analysis in addition to discovering seller motivation through direct contact.