I'd guess 95%+ of folks who call themselves a 'wholesaler' never conduct a single transaction, ever ...

How do you mean about conducting a rent survey?

One of the issues I am having as I conduct my research/ analysis is that I am not familiar with different areas, specifically blocks.

This can include renovations, upgrades, or repositioning the property to attract higher-quality tenants and increase rental income.The risks associated with Class B industrial properties are generally tied to the broader economy, changes in tenant demand, and unexpected maintenance or repair costs, but we feel that if we conduct thorough due diligence and carefully evaluate potential opportunities, investing in Class B industrial real estate offers a range of advantages and opportunities. 

At the end of the day if the numbers make sense move forward with the process, you’ll always have a chance to conduct a thorough inspection and pull out if anything comes up your not willing to fix.

I thought these sorts of reports where expensive to conduct and that I need to weigh the tax benefit versus the cost.

The best time to conduct a Cost Segregation Study (CSS) is typically as early in the process as possible, ideally before or during the design and construction phase of a property.

A professional appraiser can assess the value of the land and the improvements separately.Cost Segregation Study: For commercial properties, a cost segregation study may be conducted.

However, it can also be applied to residential rental properties, particularly those with multiple units or significant common areas.The Process of Cost Segregation:The cost segregation process involves several steps:Property Inspection: A qualified engineer or cost segregation specialist conducts an on-site inspection to identify components that qualify for shorter depreciation periods.Component Classification: The specialist classifies various property components, such as HVAC systems, lighting, and landscaping, into the appropriate asset classes for accelerated depreciation.Cost Allocation: The cost segregation report details the allocated costs for each component, allowing for a more precise depreciation schedule.IRS Compliance: The report should adhere to IRS guidelines and regulations, ensuring compliance with tax laws.Why Engage a Professional:While it is possible to attempt cost segregation without professional assistance, it's a complex process that requires expertise in both construction and tax law.

Conduct thorough due diligence before making a decision.Consult a Financial Advisor: Before making any financial decision, it's advisable to consult with a financial advisor who can provide personalized advice based on your financial goals, current situation, and risk tolerance.In general, cashing out a 401(k) for non-retirement purposes should be a last resort due to the potential for substantial financial losses.