Turbo-tax is a software that has different versions(the more advanced versions allow for more capabilities and forms to be completed).The software, like any other, is only good as the input.Garbage in, garbage out.If your tax return is simple, someone with only W-2's and a few interest /dividend accounts, I think a software like turbo-tax is great.If your return is more complicated, I would consider working with an accountant.

Quote from @John Underwood: Just add the fee up front and get the car info after booking.They literally won’t let owners do that.

The math looks like this:$150,000 (ARV) x .70 (ARV percentage) = $105,000$105,000 – $20,000 (ERC) = $85,000 (buying price)This formula is commonly used by house-flipping investors to decide how much to pay on a fix and flip.70% Rule: Formula and ExampleThe formula itself is rather simple: Once the ARV and ERC are calculated, you then plug in the numbers.Take a house that has an ARV of $100,000 and needs $20,000 in rehab.

I think I could make a return 1,000+ pages if I really wanted to, for whatever reason, for a simple small business owner, and 90-95%+ of the return would be useless/unnecessary.

I know from experience that contractors disappear, tenants stop paying rent (good luck if you're in a blue state..sold everything in NY for this reason), interest rates go up as we've witnessed over the last couple of years, anomalies happen (Covid literally effed a lot of us investors).Not to be discouraging, but i've been through all of these and if you can get through it, great.

(Really, if you feel the need for an LLC, just form one where you live and/or where your property will be and keep it simple.  

Leveraging requires finding the best mortgage deals and searching for the right property with positive cash flow and appreciation potential.A simple example of leveraging is to use as little money as possible on a down payment.

@Travis AndresThe simple answer?

Your money is literally working in 2 places at 1 time.The Cash Value of a Maximum Over-funded Policy is also a great place to park your Cash while you are looking for a deal.

I literally had the same issue with a landlord many years ago, and upon getting served, it shook the landlord so much that we settled for something that almost made me whole.