To get the most out of the section 481(a) adjustment you can use a cost segregation study to fully correct your depreciation, but it might not be worth the cost of study on that property.

If it had all the similar upgrades the case study property, than I'd completely agree with the conclusion.

You may need to prove one day that your LLC is a completely separate entity from all of your other LLCs or corporations and your personal life.

Now imagine if that college student had access to money, did not need to spend time studying, and had a predilection to things that go boom; that's what your average young military renter is like.

A lot of newbies get tunnel vision and only studies the rehab industry.

I have been studying master lease agreements, and Lease options.

I did have a cosigner (PM required either pay stub or co-signer to prove income).

It took me a year and $ to prove it was always like that .

If reported, the burden of proof is on the accused to PROVE they are not attempting to broker real estate without a license. 

I'll take your advice and study up on it myself, so that when the opportunity presents itself I'll be able to talk about it intelligently.