Sharing to you some recommendations for your study:         1.

@Zachary Gray Yes, you can definitely have a cost segregation study performed on the property.

They will, however, have to pay taxes on the sales proceeds.Accelerated Depreciation via Cost SegregationThe primary goal of a cost segregation study is to identify all property-related costs that can be depreciated over 5, 7, and 15 years.Depreciation RecaptureDepreciation recapture is the gain received from the sale of depreciable capital property that must be reported as income.

Do you have any language spelled out in your lease with the tenant?

All properties are eligible for a cost segregation study as long as they are investment properties.

But did you know that there are multiple other added tax benefits of a cost segregation study?

I'm looking to buy my first deal (house hack) and I am looking in a specific market and want to study past sales and do an in depth comparison and analysis.

The reason for this is that a Quit Claim Deed does not normally include any warranty language and only transfers the interest that the Grantor has at the time of the transfer.

Thanks for the heads up about the FFREIA, I was just about to start looking to see if Rochester had an association.As to how long I've been studying up on this, I've got a college buddy in Buffalo with a few MF and commercial units who's brain I've been picking for the past few years; however, I only recently started seriously educating myself, maybe 2-4 hours / day over the past few weeks.

We have one of the hardest in the country, so just study for it like you’re studying for the BAR exam and don’t take it for granted.