Typically it is still hard to have it covered without a roommate if its not in a C class area, but it is possible @Chris Schoonhoven

Hello all,If anyone is familiar with cost segregation studies, do you know what asset class/depreciable life a stand alone, metal sheet, metal frame carport would be depreciated?

Class C and below on the otherhand, take a lot more time and local knowledge.

What is your experience in this asset class? 

I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class. 

There are also lots of fancy doodads on some of them where you can save money on fuel, or feel good about saving the environment- if that's your thing.

In this low interest rate environment private lenders are everywhere. 

It's affordable but $180,000 (move in ready) will buy you a Class C to maybe B area.

---We've seen so MANY investors do incorrect analysis, not understand the asset class they bought, etc. - then they lose thousands:(Here's some useful food for thought (copy & paste):.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We are used to Class D tenants where you need lots of fees and rules to keep them from destroying your property.