Just ideas, talk to your CPA to make sure you are doing it properly. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊 Wow!

Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

With a properly written and qualified wrap note the seller of the property (that is the holder of the wrap note) still has an interest and an asset they can sell.

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It's a little different but structured properly it beats the work, hassles and uncertainties of flips.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

This strategy balances tax efficiency with proper estate planning.