Then there's the transactional (deal-making) and litigation (deal-breaking) dichotomy within each area.There are some basic vetting that apply to all industries and some thoughts that are applicable to only lawyers.  

I don’t want to show up to the job with a bunch of stain when the painters thought they were getting paint. 

I would echo cost segregation / bonus depreciation, particularly when applied to mobile home parks. 

I've passed both the state and national exam and all necessary pre-requisite classes, I'm ready to apply for my license.That being said, I cannot officially apply for my license until I find a sponsoring broker (IL rules).

Apply the deposit.

No matter what you decide to do with the land, you primary concern and priority should be to determine its value based on its use and use it as the “yard stick” of value applied to all else including comparable sales.

Also important to remember is that an OPRA does not resolve all of the issues if a permit was never applied for a there is suddenly a basement bathroom.

And as a follow up- Will applying for financing muddy the waters of ownership?

To me, business policy can be adjusted as needed as long as it’s applied evenly to all your tenants to avoid discrimination and just being unfair in general.

By applying a Cost Segregation Study, the property investors accelerated depreciation for the first year to approximately $2 Million.