This extra cash can be reinvested in your property or used for other investment opportunities.Preservation of Capital: Depreciation deductions help preserve your capital for future investments.

This can be reinvested in the property, used for property improvements, or leveraged for other investment opportunities.Preservation of Capital: Cost segregation helps preserve capital for future investments.

Is there some other fully mature way to use real estate to build/preserve wealth?

In any case, only finding good deals will allow you to preserve (or quickly regain/multiply) your cash.

Andy, with my goals I can see advantages both ways.I want to preserve my ability to acquire and finance additional properties.

It might be worth a point or percent for a higher LTV loan or to be able to pay everything when the property sells, thereby preserving working capital.

Does anyone have experience using the Historic Preservation Federal Tax Credit to rehab a historic building?

In both cases you could ask the seller to pay your closing cost to preserve your cash reserves.

GC walked off the job after collecting the 90% draw on a high end gut job flip (much more costly experience than it sounds) (he also purchased a new truck at that time)Resident cut through the firewall in the attic of a duplex and broke into the unit next door through the locked attic stairwell (went to jail)Resident's guest passed out with their pants down on the sidewalk and the historic preservation district's attorney showed up in my driveway one morning when I was leaving for work to discuss the situation (not a dark experience...just interesting)Cycling through two bad 3rd party management companies in the same year on 34 units was no picnic due to (1) concern over getting paid that amount of rent and matching security deposits with a lame duck manager and (2) resident satisfaction with having 3 management companies in such a short period (3) lots of extra work picking up their slack and (4) concern over ever being able to find a viable management solution.Historic rain came through the day before I was to close on my first real estate investment, contractor had left the sump pump unplugged, and the basement had 4 feet of water in it at the time of closing (HVAC and water heater were in the basement)

Better to get an affirmative document passing title to a separate entity to avoid merger of interest problem and preserve the ability to later foreclose should it be necessary to clear a title defect.You can mitigate the affects of a transfer deed that is delivered and accepted but not recorded with the corpus of your non-recorded agreement.