Homeline, a not for profit that does tenant advocacy, made the above graphic which I have found really helpful.

Then you will have built up a foundation and can decided for yourself if you want to become a full time investor and the undertaking that comes along with it.

Essentially, the resolution is not high enough to capture pockets of high and low values. https://en.wikipedia.org/wiki/Modifiable_areal_unit_problemTake the two graphic below as an example.

The HUD paperwork has been a massive undertaking, I completely miscalculated the amount of time it would take to not only put it together, but HUD's long slow approval process.

, Did you go thru a Guru's course or undertake some form of classroom education?"

It's a great little duplex but I've always had tenants pay everything so undertaking anything.

If you have losses that are already being carried forward on Form 8582 it likely does not make sense to undertake cost segregation. 

Hi John, I'd only undertake the project if you can get zoning and the proposed unit approved by the local planning department.

@Quinton Bogle @Nicole Heasley @Phillip Scalise - Here is a graphical representation to help you determine if you need asset protection and also what-when-at what cost.asspro-cya-diagramasspro-onion-diagramAnother perspective would be to apply the "Asspro rule of 2%" (© Costin 2018) - the cost of setting up and maintaining your asset protection should be less than 2% of equity you are trying to protect.

He manages my social media (Facebook, Youtube, Instagram, Twitter), graphic design, and website.