I was told that they have an IN-HOUSE CPA who would be more than willing to assist my CPA OR do the taxes themselves.Question after question I'm being told that my CPA needs to use his "own best judgement" rather than rely on advice from the firm that setup the entities to begin with.I think all potential clients need to be very mindful that Royal Legal Solutions WILL NOT back you up with your CPA when you go to file your taxes.

Thanks Ned, Short answer to explain it, I did not know they were around back then, just found out now when we are coming back, a little background, when I started in 2005, I was a child :) 28 years old and thought I knew it all, all, all :), did not know about hard money lending, only new about bank loans, and Home equity lines of credit, did not know where to find more money, since I did not have much, I would rely on what I could get from banks, loans, credit cards and was not always that great, it was a learning experience.....and Wholesalers, I did not know that even existed, everything I would find back then was already on the market and through a "friend" agent, MLS, FMLS and all those, nothing like what we have today.

Don't rely on your personal income to pay this back - it's a big mistake.2.

You should have a clear understanding of property tax rates, insurance costs, repair costs, utilities, landscaping etc.Any buyer must develop their own proforma and that is what should be relied on.

The information contained in this post is not to be relied upon.

I use traditional comps to figure property value then use AirDNA + enemy method to factor projected income and then do a traditional underwrite of income / expenses to find return.It is important for AirDNA to have a subscription to find the most similar properties and not just rely on the number it spits out.

What I mean is that although portfolios are increasing in 'price' those assets do not necessarily translate to real wealth.

Drop that bank and rely on the expertise in this thread.

The investments will vary drastically in price based on the neighborhood your looking in & will translate to the quality of tenant. 

When you say, "I'm using the ENEMY method, AirDNA, Mashvisor, Revedy, and Pricelabs for comps and analysis" this tells me that you are relying on posts, advice, algorithms, and other people to set you up for your first property.