Mitigation Strategies:Consider qualifying as a Real Estate ProfessionalGenerate passive income through strategic investmentsPlan property dispositions to release suspended lossesMake appropriate grouping electionsStructure leases to demonstrate active participationThe Bottom Line:Cost segregation studies remain a valuable tax planning tool.

I've never taken one and don't plan to, but good to hear from someone that went through it.

No one can helpfully answer the questions you pose without more specific information.Have you walked through the property?

Detroit is going through massive revitalization.

Been through a few book keepers who don't seem to understand this space very well. 

Investors with sub-4% rates have a big advantage, while new investors need to adapt—whether through creative financing, value-add strategies, or finding better deals.

Anything that involves a load bearing wall will generally need an architect IME, but it can also be required (maybe indirectly) through the jurisdiction's building code/enforcement.Got it, thank you for lending your expertise!

This opportunity came through our direct-to-seller marketing efforts.

But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.

Bureau of Labor Statistics and Texas Workforce Commission, Texas was reported to have the highest rate of job creation through 2024.