You have to look at things from the management perspective to understand this. 

The one I close on this week the numbers don't make sense to keep as a rental.

Can I manage this myself to save on expenses?

There is way too much liability in placing this type of tenant.

Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?

A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?

For inspiration, you can check out sites like Slidebean, PitchDeckHunt, or Canva (I use this personally), which have sample pitch decks and templates tailored for different industries.

This will help you connect with the right experts.Good luck!

Purchase price: $300,000 Cash invested: $300,000 Sale price: $400,000 This was my first property and decided to sell it get access to its equity.