With $1.2M+ in properties and significant rehab, the depreciation benefit could be substantial - but so is the audit exposure if you get it wrong.The issue isn't that you'll be "no where as thorough" - it's that the IRS prefers engineering-based studies with detailed component breakdowns.

Many investors would rather know exactly how the deal will perform and close smoothly than chase marginal savings with unknowns attached.I also agree that when lenders and agents are aligned on structure, negotiations become much more strategic.

One thing I noticed this year is how often deals get delayed not because of numbers, but because funding wasn’t aligned early.For those actively investing, when do you typically start thinking about financing—before or after going under contract?

The study looks at metrics like job growth consistency, wage gains, high-tech GDP concentration, and how well metros hold up when national momentum slows.From an investor lens, that matters more than boom-cycle spikes.Why Huntsville’s inclusion is notable:• High concentration of engineering, defense, and aerospace employment• Federal and long-term contract-driven job base reduces cycle risk• Continued in-migration even as other markets cool• Strong alignment between wage growth and housing demandThis isn’t a market built on tourism, speculative tech, or short-term capital inflows.

Much easier on new construction than an existing building as long as you have good receipts along the way for building components.

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Solve for control and alignment locally, and the competitiveness gap narrows fast. 

It is important to optimize your tax planning/cash flow in alignment with your business goals as well.

Hi @Jakob Mikhitarian, On a price per unit basis that does feel aligned with what we are seeing in supply constrained markets where smaller multifamily rarely trades.

Hey Ethan,For a 30+ unit multifamily in upstate New York, the question of auction vs. retail isn’t really about “which is better” but rather “which aligns with your priorities.”