I saw an offer like this one recently with a Navy Federal bank statement that "had $700K" in the bank and it seemed legit.. but the LLC wasn't active with the state and they had assignment of contract language all over it.

I am in the process of studying for my licensing exam in the state of Tennessee and plan to work in the Chattanooga area upon completion of the test (which will be quite soon).

Quote from @Jorge Magana: Nathan good afternoon; I'm about to do my first cost seg study for a new construction project we recently finished; would you recommend REcostseg?

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

Maybe I need to study your story a little closer and figure out how to get myself into that same spot...

3 separate recent studies show it is currently cheaper to rent than own in virtually every large market and that it has never been more so than currently.  

Generally, the properties that benefit the most from a cost segregation study are properties that are remodeled, expanded, purchased or constructed after 1987, the year in which the Investment Tax Credit was enacted.

@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several. 

The risk is too great.Overall, I recommend revising your lease to include less arbitrary language to set clearer expectations and make it more enforceable in court.Feel free to reach out directly with any questions. 

The language is still in the state bill where a city can deem an unpermitted unit "unsafe" or "substandard" - therefore no tenant can legally live there.