Once you’ve mastered the basics and feel confident, you’ll be better prepared to explore long-distance investments.

So many people come in and are looking for a spreadsheet to estimate for them and they don't understand the basics of what numbers they are inputting.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

In the meantime feel free to check out a post I did a while back about Cost Segregation - The Basics (biggerpockets.com)

Basically just putting a step in the middle of a disallowed transaction that is really only there with no actual profit/business/clean motive except tax avoidance...is not valid. 

Ok, yes that's a bit cheeky but seriously, your talking about some very important, regulatory/law stuff, if your not willing to do the most simple basic actions of simply googling the laws, and reading through the statutes, I am sorry but than my time and effort has not been earned to help guide. 

Air Force basic training happens here, so every week there is a big batch of families coming to see their kids graduate. 

Basically what we have is a pretty “average” real estate opportunity investment.  

It’s still rough and has plenty of room for improvement, but I can upload photos of a distressed property, tax records, comps, lender rates, and local rehab costs.From there, it analyzes the photos to identify repairs, explains why they’re needed, estimates costs for each item, calculates the total rehab budget, determines ARV based on comps, and provides an expected return—basically automating a lot of what spreadsheets already do.It’s not meant to replace an analyst, and of course, everything still needs to be verified.

if they think every property on Zillow is a 'deal' then something is wrong.you got great advice and a ton of time invested in responses from @Bill B.as he pointed out - there's basically no cash flow in long term rentals now. anywhere. not even in those supposed ATM mid-west markets.