Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?

They will work with the buyer to re-set the loan and terms because when they foreclose and bid the property in for their loan amount which they mostly do around here, they have to recognize the loss as a non performing loan which has a multiplier effect on their lending base.

I'd have to plan around that in case I have to front the rent due to poor performing rentals. 

"The provisions of this article shall not apply to any person, firm, partnership, association or corporation who, as a bona fide owner or lessor, shall perform any of the aforesaid acts with reference to property owned by him."

The biggest "risk" is them performing, because at end of term that means they complete purchase of property.

@Andrew Steffens, fair enough, but with a lower entry point, higher appreciation rates than most small cities (it has 100,000+ residents, which is not little), great MTR-LTR metrics, and nearby well-performing regional attractions, it has a lot of data pointing to it having a shot at success. 

An investor agent or STR agent should be able to advise you on the specific areas that perform great.Regarding property manager, are the properties you're looking at luxury? 

I'm in the retail sector, primarily value-add product with a great location but poorer performance than the market average.

A borrower must choose his or her own contractors to perform the needed renovation.Ø All Contractors participating in the HomeStyle Renovation Program must complete a Contractor Profile Report.

It produces useful reports for various properties.Cons:   They over promise and under perform on virtually everything.