I created a second bathroom (since it was only a 2/1) in order to maximize it's resale potential and make it more appealing to a buyer.

Do I have to add those $45000 to my income and then I pay taxes and my ordinary tax bracket wiil be the $45000 plus my work income, do I get taxed twice?

They potentially could have gotten rid of #1 and took #2. 

I worked with a great realtor who just saw deals with potential and brought it to me.

The tax deferral from a cost segregation study is a very powerful and strategic tool to utilize in a wealth management plan for your estate.Enhancement of Property ValueReal estate property that has had a cost segregation study performed on it is more appealing to buyers and investors as there is potential for a continuation of tax savings.

I would appreciate any feedback from those who may engage with them moving forward, as it could inform a potential reassessment on our end.

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

The 6.875% 7/1 ARM offers a lower initial interest rate, potentially saving you money on monthly payments for the first seven years, but after that, the interest rate can adjust annually based on market factors.

@Nickolas WolfeYour property definitely has the potential to benefit from a cost segregation study.