Once you feel comfortable then put together a game plan to go out of state to flip or buy and hold with the help of your local family. 

Hi @Shawn Good my wife and I are in a similar position and would like to buy a STR in the fox lake area that we could also have for personal use as well.

I personally don’t like either  and don’t trust all tenants to use appropriately.

I have been able to find 5-10% CoC ROI on these assets in some states but it just feels wrong lowering my standards (15% CoC ROI).

Please feel free to PM me. 

Like you said, many roads in that area of Lehigh are unpaved or very run-down, and I personally don't see that changing in the near future.I would definitely be happy to further discuss numbers, decent vendors, and current inventory with you for our market, just let me know!

Please feel free to PM me. 

Personally, I like to do the work myself to make the money for myself.

Your response is based on your skills and personality, but I wouldn't even think of hiring an attorney or panicking over this issue.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.