He has amazing advice and attribute everything I've done to his advice (despite a lot of people being anti-Robert Kiyosaki... thanks to him I work whenever I want, from wherever I want, and figured out cool investing stuff).Reach out with any questions!

I was at a bank function 2 nights ago and told the bank president that we have de risked the project 100% so he should not worry about the 5 mil dollars he has out on it LOL

Is it the repair is to fix the it and make it functioning, and replacement is to improve and add more value to it? 

By no means should this be interpreted as an anti-BRRRR post.  

How can I design or propose these apartments to meet this requirement while making them functional for long-term residents?

Their support app seems to function poorly or they may just be understaffed and can't respond or reimburse for other reasons.  1.

When I hear of historical significance, I think of an old building with significant cap ex, and functional obsolescence.

I also converted the other side of the property (it's a functioning duplex) into an Airbnb / Short Term Rental.

Not a major rehab - flooring, paint, and some misc. work  - not a full blown renovation.PS: I wish BP could really have a search function because the current one sucks. 

@Timothy Fortin As Michael's superb content here and elsewhere emphasize, cost segregation services are tightly intertwined with broader tax functions typically provided by accountants.