*This post does not create a CPA-client relationship.

This property was sourced through Ann Mesa’s extensive network in Southern California.

@Heidi Fahringer wasted time doing several calls and then a meeting with a CPA and then got shocked with their proposed fee.After even more wasted time trying to find out from them why the fee was 10x what I had been paying - a lightbulb in my head finally lit up and I asked the revealing question and found they had a minimum charge.Obviously, we were not a fit.

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?

Once you're ready for the next purchase, you will have more experience, a stronger network, and the confidence to tackle a bigger project like a BRRRR.

Bigger Pockets is a great place for education and networking. 

Borrowing against your 403(b) would avoid penalties, but this is unavailable if you’re no longer with the employer.This post does not create a CPA-Client relationship.

Networking at local real estate meetups is also great for building relationships with other investors who might know of deals.

Networking with other OOS investors and shared knowledge and experience.FS seemed to have all the answers so I bit the bullet and paid 15k to get it going. ( I know, but hindsight is 20/20).

Networking is key to wholesaling!