An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

I'm definitely the "play it safe" type, which is why the buy-and-hold strategy appeals to me, and because this is all new to me I want to "start off slow", but I am open to hearing thoughts on other options I could consider as well.Put simply, if you were in my shoes, what would you do with that capital and now with one property under your name (if buy-and-hold is the most appealing strategy to you)?

We identified key areas for improvement and implemented targeted upgrades that enhanced the property's appeal.

There's also no correlation between deeds and permitting and if you feel the assessment is too high you can always appeal the tax assessment.

We're hoping to appeal to the military population, but as you said Kevin, no luck so far. 

The price points combined with incredibly low interest rates compared to the amount charged for a student room rental in the city center was pretty appealing.

Instead you can try to APPEAL your taxes using the form below:https://www.phila.gov/media/20240327122414/BRT-Market-Value-Appeal-Form-2025.pdfThe deadline is OCT 7TH 2024!

If they are insured and lose the case their insured will pay out assuming they don't want to appeal.

While the cost of a system like this is high, I find it appealing to have all keyless entry to the building and units.

This is where I think it's important to improve condition and curb appeal, because that condition/upgrade premium could be used as support for an asking rent that is closer to the payment standard if nearby comps are lower quality and have lower rents.