Otherwise, you'll be subject to the experiences & opinions of those either trying to help you (yet their ignorance may cost you) or take advantage of you.PM us if you'd like to discuss more:)

Hello,We have a STR in Davenport, FL area and looking for some recommendations for Cost segregation study companies.

The following is from Stessa in regards to your situation:"The cost basis used for depreciation in this situation is the purchase price of the home plus certain closing costs, plus qualified capital improvements (such as a new roof or other renovations).

Usually, borrowers purchase the lot first and we usually lend to 80% of cost up to 70% of the as-completed value.

I track everything at the "buy" on a spreadsheet as far as income, expenses, CoC return, ROI and have another spreadsheet to estimate and track all rehab costs.

Not having an exit strategy on two different partnership ventures led me into a court case and cost me tens of thousands of dollars on another.

It cost $26,000 to turn that house.

I know a lot of people who do it, I would ask what is your exit. for example we have done it when we were doing some renovations and had a line of credit as well that we were going to transfer the cost too.

I may get flack for saying this but there is a wealth of information available at little or no cost and local REIGs that can teach you about your local market. 

The cost to get the ADU rent ready and fully permitted was $25,000, most of which was the exterior landscaping.