Quote from @Brett Riemensnider: Wish I didn’t have to post this but I am torn on what to do.

Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.

Shane, happy to connect when your time allows this week

I can think of one instance where this was applied.  

What is the $1,700/month based on, and which neighborhood is this?

I'm wondering if you can help advise on this situation.My mother currently resides in a property located in Los Angeles County.

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

It is in your inbox Heath, Granted this is a standardized PA form,  it gives you a good idea on how to draft one.

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

You'd want to work with the REIT sponsor and your CPA to understand the expected timeline for this a bit more.