I really trusted my agent and knew several people who had invested in Reno so I took the leap after trying and failing for years to buy my own home in really high cost cities where I lived (NYC, DC, SF Bay area). 

You should not give him any tax advice, no more than we accountants should give him real estate advice.There're two ways for high W2 earners to benefit from cost segregation:A.

I haven't seen the City crack down on unpermitted work with regards to a LTR rental license but that doesn't mean it won't be an issue some day.

I will follow up with the support group regarding the discount!

@Sean Yang Regarding audits, it depends on the type of audit it is.

With regard to my parents, I want a good relationship with them so they can build my credit history.

Yes, that is a true statement, Chris.Best regards.

I had 5 houses with them that were terribly managed (placing bad tenants, extremely high rehab costs). 

Thanks for sharing your thoughts.Are there any pockets in GTA or Niagara region where you are seeing value with high potential for long term appreciation? 

That said, figuring out if and what to outsource is important to make sure you're spending your time doing high impact work..