Hello Biggerpockets Family, Need help with two things:I need recommendations for a reputable firm that can perform a cost segregation for a STR investment in Fairfield County Connecticut.Concerning the passive activity rules exemption requirements related to the STR Loophole, what are examples of “extraordinary personal services” I can incorporate within the business in hopes of converting from STR to MTR (midterm rental) while still qualifying for the STR loophole?

Focus on cash flow: Make sure the rental income from your properties covers all your expenses, including mortgage payments.

I have a background in Operations and love data, but there are factors at play relative to occupancy in this space that are less about the data and more about how you work it and the experience you provide.

Folks in Dallas can move to Oakland,CA and move apartment every year, the apartment is giving concession two or three months free rent for one year lease LOL.CA is relatively cheaper now than any other cities --even for renting-- due to these issue LOL.

This post relates closely to what I just went through while buying a small vacation home.

Legally, I am wondering if I should get some paperwork drawn up regarding any damages/maintenance related issues that may arise.

The purchase is way too high relative to the rents (assuming $2500/mo/unit is market rent).

Two things 1-The tenants attorney sent a letter to the PM who forwarded the letter to me stating that the tenant wanted to remain in the property and feels that this clause has no merit for termination.2-if the claim that I put in under the regular policy insurance does not cover the damages.

A good attorney will help you cover all/most of the risks. 

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to the value added by the ADU, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.