Advice I would give myself is to study and do not stop.

In the spirit of demography, there are plenty of resources for research on the effects of neighborhood revitalization, such as this list on the pros and cons, this study on racial disparities across different gentrifying neighborhoods, and this article on how gentrification can be seen as a visible reaction to neglected neighborhoods finally receiving the investment other neighborhoods have gotten all along (see the images below).With this disclaimer out of the way, I’d like to bring the focus back to how mom-and-pop investors can identify up-and-coming neighborhoods to invest in, which usually involves purchasing a property that has been neglected in its upkeep, and add value to it (and the surrounding neighborhood) by repairing its deterioration and making the property livable and comfortable for its residents.What Up-and-Coming Neighborhoods Have In CommonLuckily, a lot of research has already been conducted on this topic.

I still have to file my 2024 taxes and have been struggling with whether I should do a cost seg study this year or not?

If your property is near the end of its useful life, there will be less value to depreciate, and cost segregation will be less impactful.The Property Value Isn’t High EnoughA cost segregation study is an investment.

I think it's more important to discuss y'all's strategic plans before diving into the how-tos of PM   I think the problem is you asked a question for tips without specific details so everyone is giving you basis stuff, stuff that AI could have told you.

Can someone point me in the right direction of a great study book or website for commercial real estate exam

Understanding your depreciable basis:Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Florida doesnt screw around with licensing so best check into it, only takes 1 mad tenant to make a call. 

Purchase price: $132,000 Sale price: $350,000 Case Study: 3701 College Main — Hidden Lot, Maximum ValueThis deal didn’t start as a development play.

So valuable to get people’s opinions!!!