As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

@Eric Lowe Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

This would make a good case study. 

Quote from @Aaron Zimmerman: I would look for other ways to legally reduce income such as cost segregation studies.

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

Study the market.

Here's a link to both of their PadSplit stories:Jeff: https://www.padsplit.com/host-resources/case-studies/jeff-we...Fernando: https://www.padsplit.com/stories/hosts/fernando-and-amaris-c...Quote from @Bob Willis: I am interested in talking to someone about the process of funding via DSCR the acquisition of a property currently being run as a PadSplit.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

You do need a subscription to study the comps FYI. 

I'm a 2x house hacker here in LA (a case study in the BP book The House Hacking Strategy) and an out of state investor.