The preliminary analysis can have lots of data, so it's important that the provider thoroughly review it with you to explain what depreciation tax deductions Cost Seg study provides and what depreciation benefit you would get w/o Cost Seg.

We had not talked about it during the LOI negotiations, the issue popped up during the draft lease review process.

The townhome has appreciated in value to about $350k (per Zillow and RedFin) over the few years I’ve owned it, so estimating $150k in equity, about 45:55 self to bank equity ownership.The townhome now has a leak that has lingered and gotten worse over the few months waiting for an insurance claim decision, ultimately being denied coverage so now I’m stuck with having to cover the entire expense.I’m also considering selling the property once it is fixed so I can take the funds from this 1 single family property in Houston to apply towards funding a possible multi-family property in Austin, TX.The quotes to fix are around $15k-$20k, which I’m not excited to just pay out of pocket, nor do I think I really can at this point in time.

Considering the location and potential value of the property, investing in high-quality windows seems like a smart move.In my experience, I found great deals on home renovation services online.

What is the value of my time?

If you end up getting a Property Management company, they will typically have a lease (would still be a good idea to take their lease to your attorney for review)As for property management, hiring a company can make things a lot easier, especially if you’re managing from out of state.

I have lived in and value added in this home for the past year (minor cosmetic renovations, furnishings, etc.)

Purchase price: $90,000 Cash invested: $36,000 Value add purchased from a wholesaler that we renovated and turned into an Airbnb.

How much did property value drop?

The listing reviews mention pickleball a lot and how it was a hit.