Cost segregation looks at the $400k of the building and picks out pieces that qualify for a different treatment.

Your CoC will not be optimized, but there is some thing to be said for a simple purchase.

I remember when I first got into real estate nearly 100 years ago, I had a very wise broker that opened my eyes with a very simple comment.

Google is actually not being overly helpful, and quick books as it turns out is not as simple as I thought it might be.

Pick their brains, their successes and their failures3) Take Action: Save capital, evaluate deals.

Bad luck comes in threes ( and fours sometimes)  A little over a month  ago I picked up a nice little 2/1 to rehab and rent out .

I felt like I could build a business as a successful agent, piggybacking on the relationships with current clients that I've been nurturing for years, and with some of the capital earned, begin a BRRRR snowball that can pick up speed with partnerships and more success. 

My fear when picking up a multi is that I'm inheriting bad tenants that I'll have to pay to evict...while paying for the building in it's entirety without any cash coming in.

For FPI, I would pick up the phone (they would rather talk to you directly to give you the best advice) and talk to:-Bruce Young at Ross Diversified Insurance Services, Inc. (714)379-0163-David Roberts at J.B.

It's a bit of an art to pick out all of the items that are applicable and to make sure that you both get them all and also don't include something you aren't supposed to.For example, a monthly HOA fee would not be included in basis, but a paperwork transfer fee from the HOA would.You can also include title insurance, but not the liability insurance.