The properties are selling at way over what they would be with a conventional offering; and most wouldn’t even qualify to be sold under conventional means.  

Will Texans get any real benefit from it once its sold out???  

This means that depreciation recapture will apply when the property is eventually sold, potentially resulting in additional tax at that time.Like any tax strategy, cost segregation carries both benefits and trade-offs.

I have also built or renovated another 6 that I operated then sold. 

@Daniel Z Fang Honestly, the pricetag is pretty typical for these kinds of turnovers, but to me the scope seems like a copy/paste.

I would build a very compact one bedroom or two bedroom, I can email you an example from our market that sold.

I believe you can count on one hand the number of homes on the southern oregon coast that have sold for 4 mil or more.. its an ULTRA thin market at those price points.

You can DM us for a one-on-one discussion if you think it will help:)Otherwise, here's our copy & paste advice:-----------------------------------------------------------------------------------------------------We’re a Property Management Company (PMC) in Metro Detroit ONLY, with 25+ years of experience, and we’ve seen owners make the same mistakes, over & over again when looking to hire a PMC – which drives us nuts!.

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

The development is over 50 units all being sold to investors as rentals.