As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI.

Study the market.

Study the market on your own by looking at similar rentals in your area.

What is a Cost Segregation Study & How Does it Work?

I am more than happy to share my preferred lenders that specialize in investment properties, home inspectors, contractors, landlord and builders risk insurance carriers, and CPA's that know to do cost allocation studies with my investor clients (that's how you know you have a CPA that knows real estate investing accounting).

The key with condo complexes is to do due diligence on each individual complex as far at whether they are warrantable, VA-approved, and whether they might be facing any upcoming special assessments or have issues with the state-mandated structural integrity studies and their reserves.

Obviously, your son's preferences play a huge role in what he will enjoy/be drawn to study. 

Be sure you have liquid funds to be able to withstand these expenses.3) Study the market for yourself. 

Consider doing a time study of where your time goes for your real estate business.

DSTs aren't successfully raising millions of dollars because they are great investments, they are successful because they help their investors defer tax.This is a classic example of letting the tax tail wag the investment dog.