Do you have every potential renter complete this or only select one renter based off the pre-screening process?

You'll find agents, lenders and other potential teammates there.

Yeah, we have done everything we can already to try to make it work but we just don't want to get too close to being at risk since we only have about 3 months left of reserve.

The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

I created a second bathroom (since it was only a 2/1) in order to maximize it's resale potential and make it more appealing to a buyer.

I worked with a great realtor who just saw deals with potential and brought it to me.

The tax deferral from a cost segregation study is a very powerful and strategic tool to utilize in a wealth management plan for your estate.Enhancement of Property ValueReal estate property that has had a cost segregation study performed on it is more appealing to buyers and investors as there is potential for a continuation of tax savings.

There’s a large apartment (a few hundred units) being expanded 3 blocks away.It’s 4 blocks away from a major university health center (and embassy suites for hospital visitors) and 2 miles from another hospital (possible travel nurse MTR potential).

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

@Nickolas WolfeYour property definitely has the potential to benefit from a cost segregation study.