Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

There is no way to absorb the costs of properly renovating a home in its entirety when you are dealing with $115K assets.

Hi @Damon Diddit I would avoid Newark at all costs. 

I am taking a salesperson license exam this year to get into the industry and use these commissions toward closing costs.

$10K savings to you or higher cost to you? 

Next up is a huge financial hit: closing costs.

By identifying the right buyer in advance, we streamlined the process and ensured a smooth closing.

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Now if you are looking for one that can handle assignments or double closes, ensure you ask before starting a file.

For those of you who are starting out and want to learn more about real estate depreciation and cost segregation!