This means that, even if you rehab that bad boy like crazy, it will still just be the nicest house in a not-so-nice area, and anyone that can afford the rent you'd need to charge to compensate for all that rehab work would almost definitely prefer living in a more modest prop in a nicer area.

Hey Courtney,So nice to make your acquaintance.

And a lot of times the savings from your initial cost seg study will only be a drip in the bucket compared to the savings you will reap over the life of the building through the TPR's.The question you need to ask yourself is am I looking simply for a cost seg vendor to just complete the study and give me the report or am I looking for a partner within my tax team to help uncover the maximum tax savings available to you under the current law. 

The cost to rehab: Hire an inspector for $500 who will go through the entire property and uncover any issues with the unit.

My property (Class A in a beautiful neighborhood) has been on the market for 3 months and though we have had several applications, none qualified (both in terms of financials as well as references that uncovered major issues with past landlords and employers).

It is so nice to know the BiggerPockets is “real”.

Apologies for the formatting, it looked so nice in-app on my phone!

Once you give them a reason, then they might uncover things about your property that would not have required immediate attention otherwise.Not that I'm advocating violating code, but if the nonconforming item is not a hazard to the tenants or detrimental to the property otherwise, I wouldn't go running to the city and putting my property under their radar!

they cant sue because you are backing out of the deal because of unforeseen issues uncovered in the inspection. 

My intuition tells me that the forensic accounting in the expenses will uncover the real truth about this park and it may turn out to be a 6 or 7 cap after you dive into the POH and expenses deeper.