I am a young electrical engineer that is excited to start investing into real estate.

Is it engineering-based?

Detailed Engineering Approach from Actual Cost Records2.

We used insurance replacement cost, but not sure we can do that either.

Hello @William Thompson,Our clients have asked a lot of questions about what is referred to as “The STR Tax Loophole Strategy.”Before I continue, know that I am an engineer.

Now, though, I have 25 years of data engineering and working with software engineering teams behind me, and these last 4 years I fiddled with modern open-source software like PostgreSQL for db, D3.js for interactive maps and analytics, CSS and SASS for elegance.

I recommend using professionally engineered studies over DIY studies, in case of an audit. 

Ask about their process, engineering methodology, timelines, and pricing structure.

Reverse-engineering from a realistic ARV and refinance terms, not asking price or best-case comps, is the difference between repeatable deals and lucky ones.

For my own portfolio, I used Cost Segregation Guys to handle the engineering, and they broke out everything from flooring to site lighting.