This happens all the time, usually with heirs, but it can be squatters as well.

That cost segregation study wasn't just about accelerated depreciation - it was setting you up for strategic wins years down the road.Next time your CPA mentions §1245 ordinary income, don't sweat it.

However, there are times when actual costs are not available and a methodology must be selected in order to determine the estimate.

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

I took a 5 minute video of a long-term unit and put it on YouTube, that saved a ton of time for Denver local prospective tenants!

Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

Permitting does take quite some time but you should factor this into your underwriting.

In my experience, a suit for specific enforcement of a real estate purchase contract is not particularly complex or fact intensive that would lead to extensive time needed for discovery. 

Do that a couple times.

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.