Of course, I have to go through and double check it's work.

This coming weekend we were thinking of come out and checking the neighborhoods of few zips where there were houses we liked on MLS.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Also, the transunion credit and background check is almost $50 per person.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

You don't know, what you don't know.Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

.📌 Accounting & Rent Collection?

Don't chase the market to the bottom.And Check current comps before you make that offer and close on that new purchase. 

Highly suggest checking out the local meetup groups: https://www.biggerpockets.com/forums/521-real-estate-events-...Our monthly meetup is tomorrow, so that might be a great place to start!