Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

Respectfully, you're asking a real estate community if it's a good idea to invest in real estate. 

I respect her more than almost anyone I know.

@Jonathan Feliciano: While I respect everyone's experiences and opinions, this is also such a unique situation to you and your potential partner.My first out of college was with a group called Phillips Edison & Company.  

There are many services out there offering similar capabilities, often at a more reasonable cost and with a customer service team that values and respects its clients.

Knowing and respecting each other's lanes is really important, as well as having the confidence in your partner that they are going to do their job and you don't have to worry about it.

Conducting tenant reference checks is crucial for ensuring you find high-quality tenants who respect your property and pay rent on time.

With any tenant, treat them with respect, but if they are in violation of the lease for whatever reason, you need to tell them and if they don't stop, then get rid of them. 

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

But 4th, 5th, 6th, 7th, if done right, showing me serious, dedicated, INVESTED, well I think that would turn the tides and at some point I'd gain enough belief and respect for the effort, I'd give em a crack.