Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.

@Aaron Zimmerman yes, I was thinking that the benefit would carry over until I'm able to maximize it.

Details would require a long post which is for another day.The main catch is that you are giving your money to some private group for several years (at least 10 years for maximum tax benefits), and you need to trust that they will take good care of your investment and return it to you multiplied many times. 

Owner keeps 80%+ of revenue, still benefits from cost seg, and the operator already has the systems in place.

However, a cost seg study can offer many benefits to real estate investors.

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

We can run a free cost segregation analysis on your property so you can see the potential tax benefits before committing to anything.

For me I’m looking for additional streams of income and tax benefits.

The benefit will be smaller compared to Properties #2 and #3.

An appraisal can be worth it if the county’s 45% land allocation seems high, because land isn’t depreciable and an inflated land value reduces your cost-seg benefit.