With that said, you're cash flow will be small (probably 100-200/mo) maybe less or even negative depending on how you account for vacancy/repairs/ prop mgmt.

You still need to account for them.5.  

@Daniel Rutledge I always go through my accountant, it costs $350 but for that little extra you not only get the peace of mind that it was done right but also someone who will watch your back.

They offered up all the local (I am out of state) legal, accounting and insurance contacts.What questions should I be asking?

Carrie and I share a Pro account!

My name is Stephen Burtin and I currently work as an accountant in Wichita, KS.

I am accounting $4900 for replacing the heat pump as it is quite old and it needs all appliances.

I don't know whether to follow this thread and read every post or close my Bigger Pockets account and never come back. 

Hello All,If I wanted to season heloc funds for a 7/30 closing date on a rental property with conventional 20% financing, when would the funds need to be in my account by?

Such that over several years, the property is 100% distributed to the account owner.What if a person contributed $5500 per year worth of value in a property to the SDIRA?