To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

You can read about the differences here: Cost Segregation Study Approaches ExplainedLet’s first start with what the approaches:Detailed Engineering Approach from Actual Cost RecordsDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling Approach"Rule of Thumb" ApproachSo which of these approaches is required by the IRS?

Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

One symptom is leases that have not been renewed or increased in years, but you also find a lot of deferred maintenance.I do a survey about rent increases with our RPA members every year here in Milwaukee and most of them have between 5 and 50 units.

I will gladly assign you some remedial tasks associated with my projects and for your efforts and generosity I will assign you Co-GP title and send you out into the world to misrepresent your capabilities and track record to raise capital from others.

Clean water, air, peace and sunshine are nature's remedies and in over-abundance on the Oregon Coast. 

Quote from @Avani Patel: Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return. 

@Ashly FrassoRenting by the room can be a profitable but complex model.

I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.