We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

Feel free to reach out anytime!

Our state licensing department provides the list of licensees for free upon request. 

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

Feel free to reach out if you ever want to chat or bounce ideas around.

It includes HVAC filter and a few 'free' things (like one free lock out or something like that).

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

Please feel free to contact me if I may be helpful to you.

Are there other, more cost-effective alternatives to gain similar support and knowledge?

You can determine if the cost segregation study makes sense by speaking with your accountant and many cost segregation professionals offer a free analysis.