That classification is determined during permitting and can materially affect how the property can be operated.If you’re counting on STR income, confirm the intended unit classification with a land use consultant or Development Services early.

I am considering embarking on development of a new product to help self-managers, and I wanted to take a very informal survey on a few questions. 1. 

Are you still developing your app?

I would look at working in a new market where I don't have relationships as an OPPORTUNITY to develop those relationships for future work.

Investors just add contingency to their underwriting for every deal, and then take whatever punches that come after purchasing.I probably speak for all of us that you develop a template for each deal, you can get 80% of the risk into the spreadsheet.

The IRS has tiers of accepted cost allocation techniques for real estate - a total of 6 tiers! 

I am getting very, very, very good at developing market intelligence for my area.

When you turn a shovel - like putting infrastructure in or driveways to separate lots, that is when the IRS will sometimes say you are a builder developer and you can't do a 1031 immediately. 

Generally speaking, we don't use this technique for the BRRRR Method. 

.- While identifying obvious components is a start, a defensible cost segregation study, per the IRS Audit Technique Guide, requires engineering expertise to comprehensively reclassify *all* eligible 5, 7, and 15-year property, not just a few visible items.