Readers should seek professional advice.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more. 

Build a strong network of mentors and industry professionals! 

PMC is the professional that will have the most alignment with your goals - agents, lenders, inspectors, etc., are ONLY transaction based.A PMC has to deal with your property, tenants & maintenance EVERY DAY until you sell or terminate them.A great PMC can provide contractors and also check out properties for you. 

Quote from @Michael James Hamlin: We just moved to Baldwin county and we are looking to network/partner up with other professionals in new construction, fix and flip or commercial.

Not the ones the gurus throw, but professional conferences that they hedge funds attend.

Rather than how a professional would answer. 

Connect with professionals who know what they are doing so you can receive proper guidance.

I'm currently a leasing professional at a luxury high rise complex in downtown Ann Arbor.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more.Cost Segregation 101 Author: Sean GrahamHappy to answer questions :)