A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

Its just outside of their normal scope of work and it only increases their liability.

I never thought an influencer can be so ruthless and conning even though he tries to build a guru reputation.

The shorter the prepayment term has an impact on increasing the rate.4.

There is no insurance that covers an increase in HOA assessments. 

The shorter the prepayment term has an impact on increasing the rate.4.

Call elec to verify that can increase capacity to withstand your development.3.a. - Know what the county likes.

@Kenneth Johnson, as eager as you are to get started, the best thing you can do it increase your earnings.  

Would you prefer they change their policies just to fill your rental quicker and then increase your risk of losses?