If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS.

A few of the top trainer gurus who use to promise 30 to 40k profits per flip if you buy my 20 to 40k trainer were put out of business by the FTC.. its just not real.  

Kudos to you and Debra for making it happen—this is a great example of how collaboration and decisive action lead to success!

Real estate investing is more about taking actions and learn as much as possible along the way and not repeating your mistakes.

At the end of the day I would check with your attorney, but I ran this interesting question by my Title Rep @First American. 

It’s also important to be as specific as possible in the scope of work for each line item—clear details can save you from misunderstandings or unexpected costs later on.I specialize in consulting services for situations just like this, helping clients work confidently with contractors by bridging the knowledge gap.

One thing I always remind people is it does not matter what is on a powerpoint presentation, the deal is dictated by whats in the PPM, operating agreement and subscription agreement. 

Also, it often helps to connect with a local agent/do extensive due diligence on renovated/new construction properties to see what the property may sell for or appraise for (if doing BRRRR method) as that can impact the price you should pay.

Originally posted by David Taylor:Originally posted by @Steven Hamilton II: Originally posted by Tony Bc: We (husband and wife filing jointly) are looking for a CPA.

Does anyone have a template or method that they use in order to screen tenants effectively in order to reduce the risk of non payment and damage to the property?