The IRS defines a “quality” cost segregation study as “a study that is both accurate and well documented with regard to” 1) the classification of property into classes, 2) Explanation of rationale for the classification of the property and 3) substantiation of the cost basis of each asset and reconciliation of the total allocated costs to total actual costs.

So I almost “broken even” with the cost of construction vs. valuation aspect.

To get started with fix and flips, first define your criteria, including location, property type, and budget.

Get a team to help you through every aspect of the deal.

Once I get a few stable long term rentals maybe consider looking into such properties and cover aspects I am able to confirm. 

It’s a business oriented mentorship but the man I was paired with was well versed in all aspects of real estate investing and development.

I’ll certainly take this as a lesson to leave no detail overlooked and to approach every aspect of my agreements with care.

but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.  

And the other reason I wont accept small dollars or investors is you lose any personal interaction when you have 100s of investors and I like the personal aspect of this. 

These templates cover various aspects of subcontracting, including responsibilities, materials, and liabilities3.