Britt, My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any. Keep in mind that only the "building basis" can be segregated and will benefit from accelerated depreciation. The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.