Property owners can obtain a cost segregation look-back study on their current property to recalculate the depreciation for previous tax years based on their reclassified assets.CAN I STILL DO A COST SEGREGATION STUDY IF MY CONDOMINIUM COMPLEX IS A SHORT-TERM VACATION RENTAL?

The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

He is currently buying old houses and reinvesting them or tearing them down and building depending on the condition.

I am all for owning your own residence, but really it comes down to your current situation.

Hello everyone,My names Tom and I am currently a senior in college.

Currently my short-term management property is managed by the property management company.

Do you currently have enough funds to pay first month’s rent and a security deposit?

many houses in the midwest, for example, are very old and need major rehabs.i personally think out of state investing is more difficult than advertised, and much more difficult in the current investing environment, with: prices high; interest rates high; tremendous demand for inventory, by both investors and retail buyers; and good PMs, contractors, etc. booked up.here's a really thoughtful thread with the experience of another CA investor and lots of different responses:https://www.biggerpockets.com/forums/12/topics/1215726-break...and here are some threads about how it can very easily go wrong:https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...finally, you also said you "don't have a lot of money to start with." 

With a mix of college students, medical professionals, and blue-collar workers, the rental market stays pretty steady.

I would focus on one of two things… finding a more tolerable high-pay work situation OR developing some coping skills to deal with your current working situation.