I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Hey @Kyle Nikolich - You'll get many different answers for new construction costs. 

Can you speak on how you source granite slabs cost effectively?

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

**As investors, you are closest to the consumer (home buyers/renters), so you tend to absorb costs and reduced profits from unexpected spikes in expenses that wholesalers or contractors pass on to you!

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

Here's an article with things to consider when selecting a cost segregation company.

In a previous post, I discussed the difference in each of the most common cost segregation study approaches.

Again I cannot collect rent to justify this cost/effort.  

Also with cost seg how it now affects the way I actually file on those two properties.