Or would it be more efficient to just pay an attorney to create one?

I used it when managing 150 units for a previous employer, and it's incredibly efficient.

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

The better the planner the better the progress, the more efficient the journey. 

The biggest opportunity we saw with this property was operational and management efficiencies.

Using a combination of capital from both Partner Driven and our trusted partner, Seth Choate, we funded the purchase and renovation efficiently.

It's a manual process but allows us to view all business-related financials in 1 place.We've also found QBO has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.

Easier management--you know the property much better and can take care of issues quickly and efficiently.

With low inventory, this is a more efficient approach than targeting specific areas, IMHO! 

I just want to know the most efficient way to reach these owners.