This is tough.

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

Of course, you won't listen to this common sense because you know more than everyone else here on BP and will have to learn the hard way.So, recommend you find and attend some local investor meetings or commit to watching all the videos and reading all the material here on BP that you can.Good luck:)

I think using a value outside of that is going to be tough to defend if you are doing a cost seg, which already attracts quite a few audits.  

You must also materially participate in your RE activities.If you materially participate in each RE activity, losses are fully deductible.

If the tenant purchases prior to the PPP term, you may be in a tough spot.

If the only difference between a co-signer and an applicant is a second job or some other insignificant factor, they are NOT co-signer material.

However, the City initiated the “Buy Into Baltimore” open bid program (which we’re interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it’s tough to know where to start.

What materials are used besides the LVP itself?

Even with 20% down I'm having a tough time getting it to pencil out with current inventory and rates in these areas.