After lurking around, I’ve decided to introduce myself and get more involved with the community.Currently, I am working full time as a field engineer while my wife is working on finishing her degree in nursing.

If you have multiple rental properties it might make sense to get your depreciation done right by a qualified engineer.

These can be financed if a full remediation has been completed with the engineers report and insurance coverage can be bound.

Search Engines are your best friends.

I know I will probably need to bring a structural engineer/foundation guy.

HUD Engineering  standards changed that year, it was also the end of 2x2 framing.   

Moved back in with my parents after college(engineering).

Typically cost for house only, does not include land development costs, landscaping, driveway etc. it also does not include costs such as getting site plan approvals, architect or engineering fees

It just looks like their have better confidence in their value algorithm (than, say, we do in Trulia) and instead of offering 70% ARV on a $295K home ($206K) they offer $230K and tack on some fees.

So in a rental the A/C, furnace, roof, and windows are all long life assets.I'm sure the Guide to Tax Deductions is helpful, but without a qualified construction engineer or architect you'll find it difficult to take advantage of bonus depreciation on a property.