While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

@Karan SinghTo build a solid real estate foundation, prioritize wise time management, early pre-approval, early credit building, real estate partnerships, income diversification, networking, and learning from books and podcasts.

Many follow the Entrepreneurial Operating System from the book Traction.One of our core values as a company is to be "enthusiastic about doing the right thing."

Matthew, there are lots of good way to learn about syndications (and CrowdFunding...which are syndications that can be marketed over the internet).This is the book I wish I'd read when I started...and I think it should be required reading for every beginner and pro.

Then I have it change the minimum stay to allow shorter bookings if there are openings less than a month out, or where there are shorter gaps between bookings.

@Rama KrishnaLearn the market, search the forum, listen to podcast, read books.

It's a great starter book for the financial foundations of real estate investing: https://store.biggerpockets.com/products/set-for-life-revise...I would also recommend Small and Mighty by Chad Carson: https://store.biggerpockets.com/products/small-and-mighty-re...Real Estate Rookie: https://store.biggerpockets.com/products/real-estate-rookieHouse Hacking: https://store.biggerpockets.com/products/the-house-hacking-s...

It would also be wise to educate yourself on what a good PM does and doesn't do, how they do it, what they charge and why, etc.My book, The DIY Landlord, will be out in December and can teach you how to select or supervise a property manager.

When I went through this process, I found guides like this one super helpful for breaking down steps and understanding what to expect.

Quote from @Ragan Manning: Hey Nicholas,I am the owner of Manning Your Books and I work exclusively with REI clients.