An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Don't forget about single family as well as to cut out 80% of the deals.   

This investment should have done very well based on these facts, but the biggest drag on performance was the yearly high "unexpected" property tax expense ($300-500k drag on NI per year).

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

2) does an out-of-state CPA know well of the state taxes?

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

If structured well, this can be a great way to get started without much cash.

My partner and I have a flip that we will be starting in mid march as well!

@Jaycee Greene I see, I would still love to stay connected as well given I plan on executing the BRRRR strategy on the MF units  I plan to acquire this year. 

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.