You will receive a report as a result of the cost segregation study that supports the breakout between asset classes and new depreciation schedule in the event that you are audited by the IRS.

Signatures and Legal Advice: All parties must sign the agreement, and each party is advised to seek independent legal advice to fully understand their rights and obligations.SummaryThe hours you spend creating the agreement will likely save your friendship and legal fees.

I personally owned in the historic northeast and had great cashflow and never had crime issues and that was on the "bad" side of Independence Blvd when I was still out of state! 

1st check your state law regarding wholesaling.2nd- As a real estate broker you are an independent contractor. 

My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!

Should I order it independently or go through the bank as they instructed?

How are you going to deduct mortgage interest, depreciation, property taxes, insurance, etc on the cottage tied to your primary home - without getting flagged for an IRS audit?

However, I still need to pay for independent quality reviews to make sure it is truly up to our standards.

If the GC is performing work on the property, you can only log the time spent communicating with the GC or overseeing the project—not the hours they work independently on your behalf.

The goal of real estate investing is lifelong financial independence.