I've trying to wrap my brain around the Census Bureau's mountain of data but there's so much it's overwhelming.

They play a vital role in the decision-making process and have been instrumental to anyone's success as a real estate investor.

If you have  / can find suitable land (topography and zoning can be an issue), have access to the necessary capital (more expensive), can be more patient with the timelines (new builds will take quite a bit longer, especially on multi units, and dont' forget to factor in possible weather delays), and enjoy the process of designing something from nothing - GO FOR IT.One big caveat: make sure you have the RIGHT General Contractor who really understands new construction.

Of course it’s not as simple as it appears.....lots of hidden costs, taxes, insurance, preservation, etc. and much depends on the jurisdiction as to length of foreclosure process. 

Should I start the process to remove them?

I didn't realize how much I'd love the process and the outcome of my book. 

Make my first passive investment into a real estate syndication investing in multi-family#2 is in process!!!

It makes it a really easy process for me, since I don't have to manually remind my tenants at all. 

If the projected tax savings outweigh the cost of the study within a reasonable timeframe, it may be worth pursuing.Given your qualifications and involvement in the property, you likely have a good understanding of its components and renovation costs, which can facilitate the cost segregation process.

CPAs might not always be proactive in asserting their value in the initial structuring process, leading to their exclusion from early discussions.However, recognizing the importance of CPAs in optimizing tax efficiency, mitigating risks, and ensuring financial compliance, it's beneficial for GPs and their legal teams to involve CPAs from the outset.