I guess when the GP and the middlemen involved in cost segregation studies proudly state its benefits, they are talking about the benefit to themselves rather than the LP.If your losses are not much then no need to file the state return as the money spent in filing the state return is way more than the money saved by capturing the losses.Did your cpa mention how the passive carry over losses are accepted by the state when they were not already recorded by filing a state return in the prior years?

The deed and closing funds are returned to the closing agent and the deed is recorded and the funds disbursed. 

Others on BP have posted that their Brokers of Record are not okay with it.The NAR COE doesn't prevent you from doing wholesaling from my understanding, but it does require you to be at least be honest and you should disclose. 

@Christian Carson- and if you are asking about where the database information comes from, you can usually search your state regulatory records online and the EPA ECHO database but it will be hard to replicate the comprehensiveness of the database provided by the third party database company.

They do this either by lying about the true value of the property or by finding sellers who are so desperate to get out of a bad situation that they'll take a bad offer just to put out whatever fire is going on around them.For the record, Mass law is crystal clear. 

One method for ensuring there is active participation, is keeping monthly/weekly meeting minutes with partners on record.

Thanks for setting the record straight. 

I know you are not new to syndications but here are a few things I like to do.Evaluate the experience and track record of the sponsor and their team.How many and what type of real estate deals has the team done in the past?

Was the process and on-going record keeping a mess?

There is no online permit records for this addition.