First off, the approach that was utilized in the cost segregation study might not be explicitly mentioned within the cost segregation study report.

If you ever have questions or are looking to bounce ideas off another local investor let me know. 

Earthquake fault zones, flood plains, and high fire hazard areas are off-limits.

I'd recommend speaking with local specialists in your target market to look at multiple investment options side-to-side.Lastly, some of my clients have been encouraged to stay away from HELOCs unless they expect a lump sum (inheritance, sale of other asset, bonus, etc.) to pay off the HELOC in the next year or 2. 

It seems most off market deals I've found have been from larger acquisition groups.  

I started off with the standard turbo tax for 1099s and it felt limited.

You can still do it...get with an active Broker and hustle your butt off....!

If you're ever looking to chat more about investing strategies, or need any advice as you start your journey, feel free to reach out.My plan is to kick off my investing journey this year with my first live-in flip.

We bought a place in Truckee, CA (Tahoe area) across the street from Donner Lake, a few minutes off I-80. 

If there is even a small chance, I would disclose.If I remediated the water issue and confirmed it's no longer an issue, then I would not feel the need to disclose that.Talk to a Chicago attorney to get the best answer....who would ultimately be the one who would defend you in court...when in doubt, disclose, and you'll be better off.