The process of identifying a quality applicant is extremely difficult now with the amount of fraudulent paystubs, bank statements and IDs.

Im actually also in your camp but maybe not as extreme.  

This includes quiet hours, laundry uses, backyard uses, etc.

My initial hunch is that there may be extremely limited options of what can be built, and a likelihood of nothing being allowed. 

The above issues are extremely common with all properties I buy, but what I buy are pre-existing multifamily with some meat on the bone. 

If you have the cost segregation done by a reputable company then even if you get audited, you'll have proper support to back up your deductions.Now whether it's worth it - A cost segregation study can be extremely beneficial but its a case by case basis that depends on a multitude of factors.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software has extremely helpful features like online payments, marketing syndication (click a button,your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Sounds extreme, sure, but everything else we tried before it didn't work and you can't give anyone a free pass to steal. 

Location Location Location is extremely important.   

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?