Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.

It is in a desirable area of town, in the same sector/neighborhood of properties ranging from 500k-1.5million.

Nevertheless I am local now and I have that real estate desire (which never went away).

This in a desirable town further North.

What kind of auction or auction firm can I use?

Public has little desire to see them cut and GOP has no desire to increase funding for this. 

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

Our firm is planning on starting a Portal (legal term) next year on our roadmap because with $5M as the new threshold this really can move the needle for certain projects and sponsors.  

How can I best find undervalued properties in desirable locations?