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.

Our strategic improvements and targeted marketing paid off, resulting in a successful sale on 10/25/2024 for $260,000.

As someone who moved to Waco from Miami just because my wife got a senior position in Magnolia, I've met many families and individuals who have come to Waco from LA, NYC, Seattle, etc. just to work at Magnolia, SpaceX, Baylor, and some big churches in town, such as Antioch.

Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.

This City required individual lot grading plans, signed & sealed by an engineer, for each building permit.

My initial question is… Is it good or bad to have individual septic for each mobile vs one big central unit??

You will start out as an individual investor and then as you scale become a commercial investor.

I’m here to learn, share, and network with like-minded individuals who are also on their path to financial independence.Looking forward to connecting with you all, learning from your experiences, and sharing my own journey as it unfolds! 

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.

Quote from @Brian Gaiss: Hello, newbie to real estate investing, but looking forward to learning and networking with like minded individuals.