Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

Your decision on whether to investigate other investment prospects or reinvest in your current property can be influenced by the results of this appraisal.Hope this helps!

I have a hard time with the fee structure and low performance of DST's, but they are an option to explore into.Most sponsors require a $1mm or more to 1031 into a deal.

If you are looking to make some money and have a place to use 4-5 times a year, then from that aspect it's a great investment but solely looking at numbers I could find others that perform much better.  

Out of roughly 612 sales, 2 sales were performed with either seller financing or sub to financing or a mixture.

It isn't that it doesn't work, but if a buyer cannot perform and let's say you are outside of the due diligence period you look like a scammer.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

But the items that are specific to financial performance and the safety of yourself and the neighbors, etc should be the ones you pay more attention to.  

Your quotes will not be comparable unless you have that detailed scope of work so that you know everyone is quoting the same job.You should not advance money to the contractor unless the materials are on site and the work is being performed.

Spend your money on built in bunk beds, a garage conversion to make it a 4 bed (we find 4 beds perform much better than 3 beds), and your entertainment spaces (living room, game room and backyard).