If it had been me, I would have bet on that floor drain clogging up with food and sewage residue the FIRST DAY. 

I considered fixing this property up (needs inside work for sure) and renting it out for some residual income and grow from this.

@Julio GarciaI’m really just looking to get into owning real estate for residual income.

The thing was COVERED in sticky soda residue.

Not sure what the motivation is owner finance it unless you're trying to pick up up residual income for tax purposes or some other strategy.It would be a bitter hard for me to give you further perspective on how the deal would go with only, the market rent you claim and your sell price. 

My end goal is to have some multi-family properties for long term residual income but also learn about wholesaling and BRRRR as I have a background in different types of trades. 

My end goal is to have some multi-family properties for long term residual income but also learn about wholesaling and BRRRR as I have a background in different types of trades.Anyway, sorry for the long winded post!

I am open to flips but mainly rental properties for some residual income.

@Michael Baum Fully taking away the 1031 would hurt financial institutions and residual real estate companies.

.), appliances, carpet, and furniture used for residential real estate.7-year Property: Office furniture and fixtures (desks, filing cabinets, safes)15-year Property: Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges)There are multiple approaches to cost segregation studies including the Detailed Cost Approach, Detailed Cost Estimate Approach, Survey Approach, Residual Estimation Approach and Sampling Approach.If you feel like you or your business could benefit from a cost segregation study, first speak with your accountant to see if the tax savings outweigh the potential costs.