This allows for proper retirement of assets.If a property has already been sold it may still be a good candidate for cost segregation as long as you sold the building and have not filed the tax return.

One suggestion, go to your states housing page and find the inspection sheet they use and keep a copy of it when you walk your home.

The property is being sold subject to $175,000 first mortgage.

A copy of the policy will be provided to you.

We sold it after 3 years as the appreciation was so significant, it would have been foolish to hold it longer and roll the dice.  

. - See our copy & paste advice at the bottom of this response.2) Managing the Renovation- Everyone thinks a PMC can easily do this. 

By the time I sold it, I was making $500/month more than the mortgage.  

Take a house that sold at a low price twice in the past.  

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

Once the property is sold we will be able to pay off the HELOC and will also have further funds coming in the following year.