Many people do cost seg and let their cpa know and then are surprised that there's minimal benefit.

Hey guys,I am new to the landlord world and I want to make sure I take the proper steps to minimize the risk of getting burnt by a bad tenant.

These markets are strategically chosen based on:Median home prices between $250K–$350K(too low, and sellers don’t have enough equity; too high, and motivation is low).Midwest-focused markets, where prices are affordable and seller motivation is higher.We don’t waste time chasing unqualified responses.

That way they incur the cost and I let them know that they can use that when applying for other apartments for the next 30 days, then they don't feel like it was a waste of money. 

Cuts down on wasted calls.

Cash flow will be minimal but new construction is easier to find a tenant, in our experience. 

Purchase price: $600,000 Cash invested: $150,000 Deal SnapshotLocation: Miami, FLProperty Type: Duplex (2 Units)Purchase Price: $600,000Cash Invested: $150,000Strategy: Buy & Hold + Light Cosmetic RehabCurrent Rent: $5,525/monthCondition: Impact windows & doors, new roof, minimal repairs neededAlways open to connecting with other investors looking to buy small multifamily properties in Miami.

If I get margin called I'll use my cash (which I have no problem investing in a down market)I'm going to plan to sell these off in the next several months and see what I can do to minimize my tax burden.

I have minimal experience from a previous long-term rental I owned and sold several years back. 

Note that once you get above this level performing loans are selling at 6-7% yields so I would not waste time on them, and the non performing loans also are going to sell higher priced because the buyers cost of capital is significantly less than yours.