@John Underwood My post is not an explanation of the cost segregation, it's about the timing of performing the study.But yes, cost segregation is a way to accelerate depreciation and use the money saved to invest in the next property and so on.

We need even just the basic deductions of home ownership(then later turning this into a sole investment property) as my wife & I have only been taking the standard deduction each year and usually owe(we have lowered the amount we owe increasing 401k contributions), and pending a new promotion within a year, we will make significantly more W-2 income.

Ultimately, I plan on investing myself either going the house hacking route or doing a flip. 

With the cash-out refinance, the new loan would be approximately $1.2M.I plan to invest the $600K into rental properties with a hopeful average cap rate of 10%,… the goal of covering the mortgage payments on the $1.2M loan as well as the expenses for the rental properties.Does this approach seem feasible?

Juliette,Seeing rates right around 7% right now pretty consistently, even on investment/DSCR notes.

Depending on what your investing goals are you want to looking into self directed IRA vs. checkbook IRA or even better if you qualify Solo 401k.

Special thanks to Grayson Glaze, CRE, CCIM, CPM, JD for inviting me to speak about my collaboration with Alabama Center for Real Estate to make my educational materials available to UA’s 800+ real estate students; to Jack Kobus, president of the Student Real Estate Investment Fund for hosting this event; and to the many students who attended.

So I would love to know where and how I can source such properties.Would also like to connect with some good investor friendly cleveland realtors with ears to the ground.And I'd love to hear about everyone else's experiences with moving from single to multifamily investing. 

I have multiple SFH properties I rent here and am soon investing in another.

Quote from @Bruce Rasquinha: Hi, I'm a newbie to the world of real estate investments.