If a Cost Segregation Study had not been performed on this $60,000,000 multi-family property located in Murray, UT, it would have had first year depreciation of approximately $1,963,636.

We've already collected around 20,000 pre-reservations, equating to approximately $30 to $40 million, and have received hundreds of requests to build individual units.We’ve completed the first unit, which has passed the final county inspection under a residential permit, and are actively working on the second phase.

We did try to get one group to do it all, but they never got back to us with an estimate after visiting the job site.

Most Insurance companies have estimating programs that calculate the amount needed. 

If they send an estimate over and I think I have a better option, I'll let them know I'd rather send in my resource.There's a lot to cover, so it's tough for a PM have both a deep and broad deck of resources all the time.

We purchased it with a conventional loan with 20% down and we estimate that we already have about $200K in equity.

This loan would have an approximate payment of $2,162 a month.

They should be providing you an estimate with breakdown of the total fees to close the sale. 

So some basic numbers on these homes:Total estimated value of all homes including their primary home: 5.8MTotal remaining loans on homes: ~900kInterest rates on these homes range from low 3’s to mid 4’sSo two questions: 1) Do I need to cash out refi each individual home if I want down payment money or can lenders lend based on the entire portfolio?

You will get good enough that you will be able to run these calculations in less than 2 minutes for a ballpark estimate on a house you are looking at.