I am thinking about multifamilies in other areas semi-close to Philly, but I will have to study the markets for sure.

IE, if I was located next to a proper theater (Think Hamilton, classic shows, Orchestras) I would want something like a speakeasy, with a slightly higher price point. 

I know that in the bigger scheme of things, that's not a lot of studying/researching but I did learn a lot today and looking forward to learn even more. 

As part of the tax documents I received from Capital Square, they included cost segregation study for each property.  

Study up and maybe revisit this in 6 months.

Use sites like Bigge­rPockets for study.

We decided to take 2 weeks to study the market to see if there were multi family properties or single family properties with multi family potential even available in our price range.We found a duplex in the roseville area that we are very excited about.

Have you looked into cost segregation studies, bonus depreciation, 179D, historical tax credits, etc.?

It appears that the full building is a rental(business asset) which is therefore, eligible to benefit from the cost segregation study.

@Forest Wu Here's an article with additional FAQs on cost segregation studies that you may find helpful.