An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

On the plus side, buying in bulk could lower everyone's premiums and simplify the process since no one has to hunt for their own policy.

I've been watching webinars, reading books, and listening to podcasts to try and learn about this whole process.

That is a 0.1% success rate.

Hello,I am in the process of closing on my first property, a triplex I plan on owner occupying for 1 year.

Hi @Ryan JohnsonIt sounds like you are trying to do a similar strategy to the BRRRR process.

This will make the process a nightmare for you.

@Brandon ClarkI am very sympathetic to CA investors wanting to invest in lower cost markets... but just to be very direct with you: -OOS is a LOT more challenging than advertised; and-50K is not a lot to start with.I genuinely think you will be more successful in a higher cost market that you can spend time in, rather than a random ,"lower cost" market thousands of miles away where you find something that looks nice on Zillow, spend your entire $50K on it... and then it needs a big rehab you weren't aware of, and you're negative $27K in year 1. 

This is also built exactly how I need it and really has cut down errors.Woah apparently I really needed to write out my process to people who might understand lol.