Hi there, welcome to the community!

Cost segregation utilizes the MACRS approach.

The credit committee is usually made up of local people who are familiar with the market they are in.

Borrowed money from friends and family to pay cash for the property as the bank would not finance it until it had been remodeled, made livable, and brought up to code.

You don't close a deal the first time you are on the phone and if you do, something is wrong.

Owner financing and HELOC on personal residence How did you add value to the deal?

I am in the Charlotte market.

I'd recommend just having the member with the highest mid score on the loan as guarantor.

I no longer invest in rental properties directly, I prefer spreading small amounts ($5K) in real estate syndications through an investment club, but we did a write-up on this company a little while back.

Your first deal is about learning, so focus on the fundamentals and think long-term, this is just the beginning of building wealth!