Cost segregation studies also have multiple benefits including:Accelerated depreciationTax deferralIncreased cash flowRemember, that cost segregation is not a tax benefit to reduce your lifetime tax burden, but instead shifts when you pay those taxes to help implement more efficient investment/portfolio growth strategies.

Screen tenants - Implement thorough tenant screening processes to minimize risk of vacancy and potential rental income loss.4.

@Michael Baum @Bruce Woodruff are right you would really benefit from receiving and implementing professional advice.  

Hello, are there any property managers in Ohio dealing with section 8 tenants that are willing to implement some of what Joe Asmaoah has done.

Will definitely be implementing this soon.

I need to better implement some sort of compensation for future bookings.

We face a dilemma as we embark on this venture with a clear business perspective, committed to implementing best practices in property management from the start, including engaging professional property managers.

Maybe they are implementing a broader set of data points.

I would highly recommend implementing this investment strategy first so you can dip your toes into real estate before trying to tackle a BRRRR deal. 

As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.