That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Hey Dina, The extensive repairs discovered during inspection could ultimately provide a tax benefit by increasing the depreciable basis of the property.

It also weeds out the idiots and non-serious participants, as @David Cheng discovered above.

Discover your 2,350 sq. ft. coastal oasis on a spacious 17,000 sq. ft. lot.

Furthermore, I conducted a research on the company and discovered that their representatives have diverse accents, possibility due to their focus on the European market.

@Sean ConroyThe cost of building is not going to go down, unless you're looking at the debt component.

You may discover the tenant can't afford the increase.

I’m beginning my journey into real estate investing with the goal like many of you of generating passive income and discovering financial freedom without having to rely on a “day-job” for much longer, so I can travel more and spend more time with my young kids/family.

These are things you can see on the front end before you even see the property in person.Red flags that you could discover later once involved in a transaction include difficult tenants and major issues with the property.I wish I had known to start sooner!

Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.