I haven't had an update in several weeks. 

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Hard to understand your post but am assuming you are saying that the individual acting on behalf of the seller was assumed to be an agent but you are finding out they are actually a wholesaler?

Market) 📢Hello, my name is Zaid Rajay Sadik Williams, and I am an entrepreneur and sales professional based in Jamaica, actively pursuing real estate wholesaling in the U.S. market.

I can see an explicit exception in CA Tax Code § 17561 that says you can not use the qualifications in Section 469(c)(7) (Real estate professional) to render that income as non-passive, but I see no callout for 1.469-1T and, as such - as a non-CPA - I do not (yet) see a reason why we cannot follow the same rules for CA that we do for our federal taxes; e.g., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?

If you don't change the insurance, the new owner of the property would be uninsured altogether.If the loan is in your name, and the the property is owned by an LLC, then that LLC offers no protection as the comingling pierces the corporate veil.

Not sure in Ohio, but here a license would be required and public health would be required to inspect the kitchen.Small scale might go under the radar but if any health issues came up or other issues that lead to an inquiry you may be exposed to liability.

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

Thanks in advance.I am guessing you have an FHA loan on the house and the new buyer will be purchasing with an FHA loan?

it all depends on the math.I have an excellent Oahu investor realtor referral if you need help sorting it out.