This is the real world and I hope the kind of newbies who surf from trend to trend believing REI is just another easy get rich quick gig, they will study real world scenarios like this.  

I did a cost segregation study in order to take advantage of bonus depreciation and I have  a couple questions.1.

Its hard to study on your own and get motivated..

Been a Special Education teacher for 25 years- trying to retire and have studied real estate investing... realize I cannot do my own flips after buying my forever home after the hurricane... but that is a different story!

I'm currently studying "subject to" financing.

Great case study @Jeff Schemmel!

Does cost seg study offset any w2 income or passive income only?

I greatly appreciate the advice you have given me an area to move my focus to when it comes to studying. 

A well done study requires someone knowledgeable in the fields of engineering, construction and tax law to do the study.

If you are a real estate professional, you may potentially be able to buy some rental properties, perform cost segregation studies and eliminate the taxable income.The issue, is in a couple more years, your PM company will likely be more profitable and you will have rental proprties with reduced depreciation, further increasing your tax burden.