What I am concerned with are things like estimating rehab costs, cleanup costs, other hard to define costs.

I think you need to define who your customer is…what attractions are you close to…why would you visit there?

If you wait to "learn" about all of this until after you have purchased a condo, it is too late...your options will be defined by the above mentioned documents.

I would like our property lines to be clearly defined because neighbor parks on what we think is our property.

The IRS defines a “quality” cost segregation study as “a study that is both accurate and well documented with regard to” 1) the classification of property into classes, 2) Explanation of rationale for the classification of the property and 3) substantiation of the cost basis of each asset and reconciliation of the total allocated costs to total actual costs.

I will suggest that you clearly define what you what and do some research then go from there.

This is not hard for you to define -- determine all of your bills and your income. 

@Gavin GatesI will suggest that you should clearly define your investment goals.A local Investor-Agent can help shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

Hi Raymond,But who define the maximum amount?

There are many multiunits here which were conversions and the third unit (or more) was never legally defined.