Hey BP Community,I’m curious about how much other real estate investors are paying for their tax preparation services and accounting.

I'd rather have investors be prepared for the worse case (long hold period), just in case we have to hold for that long to achieve returns. 

You can never be too prepared - have reserves and back up plans for everything.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

We're in no rush but want to do proper preparation.  

Preparing to break ground on a new park this week.

Be prepared to provide alternative proof of income if you don’t yet have the required tax returns.

No bank will touch this.Once you find a private lender who I will assume will charge you north of 7% rate, You will need a business lawyer to prepare all paperwork to structure this to make sure that everyone interest is protected.

You have prepared financials, and can learn about the strategy and performance of the properties based on many years of combined knowledge that the syndication has, in this case Ashcroft.

Otherwise you should be prepared to pay a professional for things you cannot legally or logically do on your own.