A cost segregation study would be more beneficial this year. 

@Grace Hartman I don't mean this in a negative way but you're in this situation due to lack of experience, terribly high contractor quotes, or a combination.

Looking forward to being an active member of this community.  

This is indeed a great place to learn and connect with others.Wishing you all the best!

But I’m still looking for answers to my questions with supporting evidence IF it’s a criminal offense (likely mortgage fraud) but also could there be further investigation of this bank by the FEDs or? 

This is something most folks need to be ready for.

This does not look good for you.

How did you find this deal and how did you negotiate it?

Louis in general so just wondering if people have had success in this area and what class would they give it?

I agree with @Jonathan Greene here that the first step is thinking through what to do with the primary residence - you might try this tool that I built a few months ago to analyze whether you should keep or sell the primary residence!