An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

You are betting your money on the neighborhood and the property (and the client base that will attract), hoping to produce a return greater than what the S&P 500 would produce over time.

A few questions a lender would ask you based on this post.

But the difficulty is primarily in generating your book of business.

Based on what you shared, if you are competing with wholesalers you are likely in the most competitive price point space on the MLS.

I am real estate investor with a focus on building a portfolio of SFH and Multi-family apartments primarily along the East course  .

I'm open to hear thoughts and opinions on best markets in those 2 states (or any other promising markets based on the criteria I outlined above) that I should focus on as a first-time investor.

All that being said I love living in the area it is close to Destin and the bases and very close to the water, much of the city is walking distance to a the water. 

Thousand Oaks, Stone Oak, Encino Park, Bulverde, etc) Schertz/Cibilo (not far from military bases, easy access to Austin/New Braunfels, up and coming/ many new nice neighborhoods) If the price range is  $175-250, I would look near Sea world and the west side.

Exploring creative financing options like portfolio loans leveraging combined property income, hard money loans based on property equity, private money lending from investors, or negotiating seller financing for new property acquisitions could offer viable alternatives to support your investment goals.