Hi Everyone,
We are in the process of purchasing 1 acre of land for $300K in the area and are considering building a cabin. I would appreciate any advice on whether it's a good idea to invest in land on a slope and t...

The typical clients that seek out cost segregation studies include:Real estate companies that buy and sell multiple properties each year.Individuals with a portfolio containing investment properties including apartment buildings, multi-family homes and even single residences.Franchise owners with properties that are similar to one another such as assisted living facilities, storage facilities and golf courses.Business owners of hotels, food facilities, shopping centers, restaurants or manufacturing plants.It depends on the type of property, but generally 15-45% of the building’s costs can be classified into assets with a shorter life.

I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?  

Regarding your second question, are you asking if those activities help meet the IRS material participation tests or qualify you as a real estate professional?

I saw an offer like this one recently with a Navy Federal bank statement that "had $700K" in the bank and it seemed legit.. but the LLC wasn't active with the state and they had assignment of contract language all over it.

My ultimate goal is to house hack a 3–4 unit property.I’m seeking advice on how to accurately estimate the closing costs and monthly expenses associated with a multi-family property.

I used Stacey Lancaster (she's pretty active on Bigger Pockets) and she was fantastic. 10/10 would recommend to a friend.

Readers should seek professional advice.

I'm not sure if I am prepared to buy a property in Columbus on my own, but I may be more interested as an active or passive partner. 

Investing in your education through reputable sources, even if you don’t go for high-priced mentorships, can lead to better long-term success in the real estate market.Engaging with local real estate investment groups or seeking out affordable continuing education programs can be great starting points.The road to success does not have a shortcut....