So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Have you ever experienced a drop in rent from one tenant to another (assuming unit is in similar condition)? 

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”‍So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.At RE Cost Seg, we’ve adopted a modern approach that goes beyond these recommendations, utilizing video walkthroughs to provide a thorough, efficient, and documented inspection process.This ensures that every detail is captured, giving our clients confidence in the accuracy and quality of their cost segregation studies from us.

I also recommend reaching out to some investor friendly agents so they can help you figure out the current market conditions and recommended strategies for newer investors, among other things.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

I do think I got a pretty decent deal on it with our current market conditions and interest rates, but I plan on this to be a Buy and Hold. 

.)🔹 In seconds, you get:A full property report (condition, comps, rent estimates, taxes, etc.)A built-in ROI calculator (cash flow, DSCR, cap rate, rehab budget, etc.)Auto-generated PDF summary for investors, agents, or clientsWorks for buy & hold, flips, BRRRR, or wholesale dealsAll done by AI, no need to go through 6+ different websites or tools💬 Question:➡️ Does anything like this already exist in the U.S. market for real estate investors, agents, or brokerages?

There's a huge tenant demand, so you'll always be able to fill your units as long as they're in good condition and in the right areas. 

Additionally, consider discussing the implications for liability and insurance with your insurer to make sure you're covered in case of any accidents or issues related to the new appliances.It’s also important to document the condition of the existing appliances before they are removed and stored, as well as the condition of the property to avoid any disputes later.

How's the condition of the property?