The IRS has not established specific standards or requirements for the preparation of the cost segregation study.

Here's an example: we use PriceLabs to gather data on all 2BD/2BA condos within a specific radius (5 or 10 miles, depending on the market).

Follow your state regulations on notices but do everything you can to avoid an eviction.

A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

Hi Loren,For tracking property details like upgrades, notes, and other specifics, many investors use a combination of tools.

I am not a huge fan of them personally as they are PE investors and have a very, very narrow view of the industry and how it should be approached. 

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

I've been investing in Albuquerque for 10 years, and I can give you more advice if you are more specific about your goals.Jjens

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.