If not, get one before you do the cost seg study.

@Nicole CotrinoKey factors: Do you materially participate in managing the property?

I am interested in doing a cost segregation study on one of my properties.

The catch-up more than covered the study cost.

A cost segregation study wouldn’t be worth it yet.

Id recommend getting comfortable with the terms.Some books that are helpful (not totally MF focused)-Confessions of a Real Estate Entreprenuer (Perspective of an investor, how they think, how they take risks and how they learn)-Am I Being Too Subtle (Mindset, managed risk, opportunity spotting)-Zeckendorf - Autobiography (Relationships, risk taking, deal structure, development)-BP Rental Property InvestingI'd also recommend going to Lowe's, Home Depot, Habitat for Humanity to build your brain around materials, costs, quality and history of materials (even if you're not the one doing the work).Lastly, once you've conceptualized the asset class itself and general understanding of deal structure / operating structure...look into some news articles and trends in MF.

I had great cost seg study with this company which was affirmed by my CPA.

And even if it's positive, it's not material with these numbers.

For an Indiana STR placed in service spring 2025, cost seg could definitely be worthwhile if you're confident about the material participation.

Here's an article with additional FAQs on cost segregation studies that you may find helpful for your questions above.