Originally posted by @Daniel T Vo:Holy cow

Though I agree that learning these basics @Daniel Weber is good, just because the town/city chart states it is possible, a review of feasibility still needs to be done.

@Daniel Ryu helpful post thx

Originally posted by @Daniel Long:@Jay Hinrichs, where are you getting new construction money?

I don't know. probably at least 25%.Cost segregation, if done properly, will be able to allocate anywhere between 10-30% of the value of the property to 5-year and 15-year assets, and accelerate the depreciation.Potentially allowing you to reallocate $25,000-70,000 over the next 5-15 years.With the new tax reform you can choose to take 50% or 100% bonus depreciation and get that in the first year.Let me know if I can be of any more assistance.Perhaps a CPA like @Daniel Hyman or @Brandon Hall can help you with additional strategies to lower your income tax liability without having to take the cost seg route.

Thank you for your insight Daniel.  

Daniel Rusteen new book "profitable properties" is an all in one comprehensive guide to str investing!

Appreciate any recommendations.I can highly recommend @Daniel Hyman, CPA and his firm My Online Accountant, LLC I know he and his partner are originally from Houston, and have several clients in Houston.

Thanks,Daniel

This post reminds me of a point Daniel Kahneman makes in Thinking Fast and Slow (great book by the way) called "Entrepreneurial Optimism."