We've seen increasing importance on proper renovations, timely responses to quality tenants, and a better balance between buyers and sellers.Side note, there are tons of fun things to do and great places to eat.

I did read it, but I had to.Throughout the ATG, the IRS instructs its auditors to "determine whether cost basis was properly allocated to land," however they don't bother to define the meaning of properly allocated.The only method the IRS will not challenge is a formal appraisal done at the time of purchase.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

Without proper understanding, planning and actions one commits by default to unplanned failure. 

The unit must pass inspection, rent must align with local fair market rent and payment can be delayed if paperwork isn’t handled properly. 

Proper tenant selection is also of equal importance to the long-term success of your investment.For these reasons alone, finding the right company to protect your interests is a worthwhile investment.

On occasion it does happen, but it’s the exception, not the rule.Because of that, the AMC we use requires the appraiser to complete a separate STR narrative:Market support for STR useOccupancy and seasonality discussionHow STR income was considered (even if not relied on for value)This approach doesn’t force STR rent into the wrong form, but it documents it properly, which is what lenders and underwriters actually need.Short version:You don’t “shop” for an STR appraiser — you control the assignment criteria through the AMC so the right appraiser is selected from the start.That’s been the most consistent way we’ve avoided bad STR appraisals.

We set proper expectations with the seller and then flat fee the property!

Best method I've seen consistently work is targeted lists + direct cold calling.Most “wholesale leads” come from talking to sellers that aren’t actively advertising their property.Driving for dollars, SMS, PPC, and agents can all work, but cold calling gives you the most control over volume, speed, and motivation level.If you dial in the niche lists (pre-foreclosure, tired landlords, tax delinquent, probate, high equity) and follow up properly, it becomes a predictable system instead of hoping leads come in.

A relational database, properly designed, provides real access to the useful data that you need for operations.