FYI, a Cost Segregation Study will "not" increase your chances of an IRS audit.

Strategic pricing and market positioning were key factors in increasing the property’s value.

The two-family property now has better curb appeal and the rental units are much more desirable, which has helped me increase my rental income.

@Paul Whitney Detroit property values increased over 20% in 2024:https://detroitmi.gov/news/detroit-home-values-increased-ave...https://www.cbsnews.com/detroit/news/detroit-home-prices-amo...https://www.detroitnews.com/story/news/local/detroit-city/20...DM us if you'd like more info...

Since getting started we have learned a lot and have built quite a few systems and processes to increase efficiency and maintain consistency within our business. 

So if there are any issues, I'll see those upfront and can adjust my plan as needed.He has already mentioned he's ok with me removing the tenant or raising prices if necessary.See my other comment regarding Deal Calculator change and maybe presenting an schedule rent increase option for the current tenant.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

The median home value in Phoenix as of April 2023 was $368,657, which is a 23.5% increase from the previous year. 

It was a 50% of one months rent and a $100 increase in rent. 

Increased demand for historic district rentals and excellent rental history.