I frame new construction homes and after listening to the podcast I thought hey maybe I'll qualify and then be able to run a cost segregation study on one if not both of the properties and then take that deprecation/loss against my 1099 income.

Study & become familiar with the Tenant and Landlord laws for the area or hire someone familiar

Attorneys study the law for years (and usually have to go to law school) and have to pass the bar, which is quite difficult to pass.

Study the market.

Hi All,I am a senior at the University of Alabama studying Finance, Economics, and Real Estate. 

Someone did a study- very detailed study comparing stock returns to RE returns over the past 100 years.

What you need is a good no-cost estimate to determine if a study is worth doing based on your specific tax situation.

You can start by reading and studying.

Does anyone know who can do a cost segregation study for Hawaii? 

I'm not on the lender side, but on the realtor side studying quotes and better yet looking at closing statements.