I'd recommend speaking with your tax advisor to discuss this further as what I said above may be outdated as I know the Inflation Reduction Act changed a lot of the energy credits for both individuals and businesses.

You can also expect that you will have a handful of paperwork to complete and receiving your 1st payment could take a month, as they have to enter you into the system and likely have set pay out dates.

Overall, I would definitely make sure the property is in good condition, clean, and isn't super outdated.

As a data analyst, I will add that census is always outdated / inaccurate, so you won't see changes fast enough in growth markets.

In some markets maps have been created for class types but be cautious if it's out dated.

Look for the oldest, ugliest and outdated property, great location, good school systems, resort area, etc.  5.  

I'm curious about if you would happen to know what the current condition of the units as well as how outdated/updated they are.

.- Units were completely outdated and had deferred maintenace.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

The unit is about $60k and is definitely outdated.

I have read the book Estimating Rehab Cost but I feel its not right for my area or outdated.