I’m not sure all of the regulations/rules to this in PA though.

Whether it’s connecting sellers with the right buyers or creating win-win opportunities, I thrive on taking action and delivering results.  

You can read about the differences here: Cost Segregation Study Approaches ExplainedLet’s first start with what the approaches:Detailed Engineering Approach from Actual Cost RecordsDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling Approach"Rule of Thumb" ApproachSo which of these approaches is required by the IRS?

We do live in a small rule area where properties are a little cheaper, but so far it’s been very difficult to find something that seems to pencil out.

You need to know the septic system rules for the area and that lot specifically. 

Proc. 2002-69, 2002-2 C.B. 831, for special rules applicable to husband and wife state law entities in community property states.

The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement. 

Pinellas county has all kids of different rules depending on exactly where you are.

In a very loose rule-of-thumb estimate, your Net Income (revenue minus expense) may be about 50~60% of the gross revenue. 

We created an open concept kitchen to open the space up, added a new rear porch, removing the enclosure and fully renovated the interior.