When you sell a rental property, and you've taken depreciation deductions on certain components of the property, such as flooring, you may be subject to depreciation recapture.

This study can help identify specific components of the property that can be depreciated over a shorter period, potentially accelerating your depreciation deductions.Qualified Business Income (QBI) Deduction:Depending on the structure of your real estate investment, you may be eligible for the QBI deduction, which allows you to deduct up to 20% of qualified business income from certain pass-through entities.Tax Credits:Explore tax credits that may be available for energy-efficient improvements or historical property rehabilitation.

Residential rental properties have a useful life of 27.5 years, while commercial properties are typically depreciated over 39 years.Cost Segregation: Cost segregation studies allow you to accelerate depreciation by identifying specific components of the property, such as appliances, flooring, or lighting, that can be depreciated more quickly.

The goal is to identify and separate certain components of a property, such as appliances, flooring, and lighting, that have shorter depreciable lives from the building itself, which typically has a longer depreciable life.Key Benefits of Cost Segregation:Cost segregation can yield several benefits for real estate investors:Tax Savings: By accelerating depreciation on specific property components, investors can reduce their taxable income and lower their overall tax liability.Improved Cash Flow: With lower tax bills, investors have more cash at their disposal.

As far as actual components of the house, we don't really look for anything.

Consult with a tax professional to determine if your current business structure is the most tax-efficient for your situation.Cost Segregation Study: If you own and develop commercial or rental properties, a cost segregation study can help accelerate depreciation deductions by breaking down property components into shorter asset lives.

It's good that you're looking at it from their perspective as this will be an integral component to finding the right guy or gal to take you under their wing.Always remember that business is the art of adding value or helping people more so than making a quick buck (well, at least I think it is).

When you walk into a house you need to know what the major components to look for are.

It will also allow you to establish a a usable life expectancy of major components/appliances.  

@Mindy JensenI know we are a small - soon to be snow-stricken - component of BP, but how would I search/filter the Marketplace for properties in Canada?