We worked with a lawyer over there who is a US ex-pat who created and registered a local LLC for us, which owns our properties.

I own a few multis in Manchester and you come across horsehair plaster often.

That leaves me with 5% to come from my own pocket.

So probably $1000/mo net cash flow but he owns two properties, with one basket of reserves.

But, it’s not a business because even if successful, you don’t own the underlying asset, so unless you grow very large you have nothing to sell.  

My EA and I were able to validate that the discounts provided were better than anything we can find on our own and if you think about it: Instead of going directly to CB2, Wayfair, Rejuvenation, West Elm, etc., you can just buy it all in one swoop through Minoan. 

I have owned houses in 'floodzones' that would never flood except in a once in a lifetime situation.

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.

A nice multi family property that you can do some light fixtures on sounds like a perfect strategy for you so you and your wife can have your own unit.

I currently own a home but I’m looking to move and rent out my current home.