Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Also if there are any local mentors in my area who would be willing and interested in helping me out I also am connected to Michigan as well! 

VERY unlikely unless you either source an off-market property yourself or you find a unicorn deal (our last semi-BRRRR was a B-neighborhood property we sourced from an out of town wholesaler in late 2023, but couldn't get all our capital back out on refi).  

Feel free to reach out if you ever have any lending related questions.

They also prefer not to move out since they are older and are comfortable where they are. 2.

If renters find out your utility costs are high, they will expect a lower rent to balance it out.

If you would like me to make the connection, reach out to me and I would be happy to do so.

Honestly we wanted to rent out our other unit in our other duplex and we loved the area.

I reached out to both of them, but then I didn't realize how many random internet people were reaching out to them.

Then just ask: Hey, since you moved out of state I was wondering what your intentions were with this house.