I have been investigating having cost segregation studies done to two STR investments I own.

It will end up costing you unless you're already a skilled contractor type individual.Get to know your neighbors that maybe around your property, especially if you're in a HOA situation where there's a mix of STRs and residential properties.

Welcome to the RE game and BiggerPockets! 

Separate but related question, do you know if the cost of a cost segregation report  is deductible or must be amortized?

The critical factors in any STR are nicely themed rooms, a higher end game room, modern decor, and a good view from the pool area. 

The latest Cost vs.

And certainly park owners could and should share in some of the costs in this type of venture. 

I would take it a step further if you can and join a Mastermind group, cost is fairly low, but you get so much knowledge and meet so many investors that are doing all sorts of deals.

Below is my high level numbers -Property cost: 500k - 600k, Rehab cost - 100k - 150k, so total project cost: 600k - 750k.Please let me know your thoughts. 

Its a great lower priced option to get into the game