I wasn’t trying to be long winded, with too much detail, in my initial post but I actually did this method on a fix and flip.

These are professionals with additional training and a stricter code of ethics.

Additionally, the study should contain 13 principal elements.WHAT ARE THE ELEMENTS INCLUDED IN A COST SEGREGATION STUDY REPORT?

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

If your hold period is short, it may not make sense to take bonus depreciation.BENEFIT - Clearly additional depreciation is the benefit, but only if you can use it. 

So obviously many of the LPs appear to make these investments not really knowing much detail..

Make sure the estimates are very detailed (scope, SF, $/sf, schedule, etc) to ensure that there is a clear dilation between contract work and change orders.

Thanks for the details!

You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.

These are professionals with additional training and a stricter code of ethics.