If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?

Set real expectations with your owner. 3.

Investing in a single-family home in LA and expecting a good cash-on-cash return will be very difficult. 

It was all really quick, and the time to complete everything happened a lot faster than I expected (which was a good thing).I was worried at first that I had to use all the partners that Rent to Retirement had, but it was really easy for me to shop around for different lenders with different terms and rates, insurance providers, and property management company.

Renovations can cost more than you expect, add 10% to your overall number.

These are pretty much the replies I expected, but great to hear that I'm not the only one concerned with guest safety. 

Property expected to be completed 6 months later in September.May 2022 - Concrete block delivered.

What should I expect?

With experience, expect 15-20% on 5+ unit properties. 

There were a lot of costs that we didn't expect like the plumbing had to be completely redone.