Condos on the other side adds more risk to the lenders and they typically charge more in interest rate to mitigate any risk.

But the other member mitigated their half of the tax with the 1031.So, all of the tax liability is really yours. 

You're first and foremost objective should be to mitigate risk.

@Diego MarambaMake sure you get an attorney to write it up to mitigate risks.

Get in, then get out quickly to mitigate costs.Cheers!

Wind/Hurricane mitigation?

Final numbers would be pull out all of initial investment and cash flow $350/month or max out on the cash out- break even plus $11k and only cash flow $150/month?  

All additional losses, including losses from cost segregation, will only increase your reserve of losses for future use.Once you run into a situation where you need additional losses, then you might consider cost segregation as a tax mitigation strategy.This was a very generic advice, and it can be completely wrong for YOU.

I’m not saying you are in the wrong, just that your position isn’t as strong as it might appear.Evidence against you:Leaky roof, only just replacedMoldPromised mitigation didn’t come.Not sure why u would spend 800 instead of a window air conditioner etc.And none of what u said or how much you already spent matters.

It is more than I would be comfortable paying, based on my view of returns and risk, but to them they may be able to mitigate risk in a way I can't (i.e. flippers who have their own salaried framers, electricians, etc) or have a lower return threshold that I can accept.