As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI.

If you want to be successful at short term rentals, learn guest relations or hire a property manager.

We manage property all over the Indianapolis area so we see all sorts of properties in good areas and not so good areas. 

We are currently managing the property ourselves.

Currently weighing options for a property management software. 

If I had to come up with the down payment, closing costs, etc. it would be tight, and I worry that I wouldn't have enough working capital.Thank you for your help!

Estimated cost of renovation $300,000.

If the lender contests the funds release and don't choose to release the escrow funds back to you, it can get tied up in litigation and after 3 years will be surrendered to the state by the title company.Your best bet is to go with a legitimate company that will be up front and transparent with you about the terms and costs before you are already committed.Seems like everyone is telling you the exact same thing so I really do hope you make the right decision here.

My returns also got a bit too complicated with niche REI stuff for the great tax guy I used for many years and still does my parents and sisters taxes.They handle other REI guys and attend some REIA groups I went to and knew about bonus depreciation, K1, cost segs, schedule E and HELOC junk used for investing and private lending.

I already manage all of my own rentals with my fiance but im more unsure of the financial part of managing others.