Hi everyone, a couple of years ago I bought my house and around a year ago I decided to make some extra income and rent a room through airbnb. I submitted all the information and got the city permit. In the last few m...

However, everything on the inspection report - Seller agreed to fixing.

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

In your property folder I'd include a "Closing Folder" with your closing statement and original home inspection (all your major mechanical pictures and ages are there).

They are the only home inspection company I’ve used that pulls permits to see all the work that has been done on the houses prior to inspection.

So I have a 4 unit that is under agreement to sell and the inspection report came back with some electrical issues that needed to be addressed.

HUD typically allows extensions for valid reasons, like needing more time for financing or inspections, and there’s usually a fee.

I would have saved few thousand dollars in inspection fees and appraisal fees if I had known that and I had a friend send me detailed videos.I'm not sure if this information is available in all counties but where I bought in the Indianapolis metro area, I can look up property tax records.

My partner was getting it and we are told we have to pay for an inspection.  

Guest checks out, cleaners arrive to clean, conduct post stay inspection, and reset the home for next guest.