@Chris Dengel The problem with the software is that it is not the accepted quality report that the IRS requires.https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-3-cost-segregation-approachesI'm not sure what kind of quotes you got, but the fact that you placed the two properties in service at different times, means yo would need to produce two separate reports.

As an aspring real estate investor interested in buy and hold rentals, I've spent a great deal of time thus far leveraging the numerous BP resources and am now looking to upgrade my BP membership to fully capitalize upon the great tools and utilities available.My question to the group: Would you suggest Pro or Plus?

I'm looking at putting an offer in on a property utilizing an FHA loan.

3/5/2019Sherelle – thanks for the post / questions and outline Fyi – there are some conventional loan programs that allow a 3% down payment ….I would recommend using this program versus a fha loan program if possible …this is because with a FHA loan the monthly mortgage insurance remains with the loan permanently and with a conventional loan – you should be able to eliminate the mortgage insurance in the future ……Also – if you use a FHA loan for the first home - using a FHA again for next property might be an issue …..you allude to this in your question #2Regarding cash flow analysis ….other items to factor in : utilities / property homeowners insurance ( this will be a little higher when you live in home and should decrease a bit once you convert it to a rental policy / are there any deferred maintenance issues on the house ( roof / furnace / water heater / foundation are the bigger tickets items to watch Definitely get pre approved so you know for certain what you can afford and also so you can begin becoming more familiar with the numbers …we can assist with this if you want - contact us Thanks and I hope this helps Dave Skow 

If this was your dream home (primary residence) then maybe it's worth all the effort but just sounds like a lot of work to acquire an income producing rental property. 

@David Corboy I strongly recommend talking to the top producers in what ever area you area you are looking to invest in.

Commercial properties are valued based on the income that they produce, not comparables.

I was hoping to get some advice on how best to utilize my savings.

The summary was that 30k properties generally couldn't produce rent high enough to sustain the cost of long term CapEx and maintenance.

Large utility room with space for shelving and full sized washer-dryer.