Your property definitely has the potential to benefit from a cost segregation study.

A good landlord understands that vacancies & Rent-Ready costs will destroy your cashflow and profits.

If I have a potential tenant that I like then I work with them. 

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

We have family and friends who would be potential investors.

This will allow you to take on bigger deals with your cash on hand.LTC is a ratio with the potential to limit your loan amount.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

Hello folks,When running BGC and other reports on potential tenants and having applicants pay for them, do you run them for all?

I see hard money lending as just part of the cost when doing these kinds of deals.

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.