Spent the last year studying these boards and podcasts and BP books before i make the leap into investing, but just out of curiosity, im wondering how many units you guys have and what you collect monthly on average with those numbers?

Why do all these studies have statistics from Milwaukee? 

Hello All, I have been reading up on Cost Segregation Studies a bit.

Step 1:  hire a competent real estate attorney.Step 2:  learn from your mistake, which imo is when you discovered the tenant was running an unlicensed, unsanctioned halfway house, you should have tossed him and his daughter out, along with all the 'youths with checkered past'.Step 3:  Consider it MANDATORY for owners/landlords to KNOW the state's L/T laws BEFORE leasing the property out. 

You really need to go down to the city, tell them about the scope of your project and see if a permit is required for anything.There are several risks to not doing this:1) Incorrect work done by a contractor is not discovered.2) House burns done due to faulty work you have done.

Tell them you were shooting the breeze and that was your "guess" at the time but further study of the market shows $1,450 is the market price.

(3) Any webinars, or sources that are recommended to study and learn related to this?

Sometimes once someone opens a project up and sees what all needs to be done they just want out as they realize they didn't correctly assess the repairs or as others stated, ran out of money or realize they will.We bought a "cheap" house and then discovered that the renovation was going to be much more extensive than we anticipated.

Study up on the basics of where you list your properties, how things work, taxes, insurance etc.

Issue is if when that happens previously undisclosed liens are discovered buyer is pretty screwed as they've already paid a ton of money to the seller.