Never make bold design decisions when renting the unit.

We are for sure NOT going to have the tenant pay the previous owners directly, but instead pay us and we will make our decision from there.Thanks!

Anything else is in poor taste in my opinion.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

Hi Everyone,I’m a newbie investor weighing some key decisions and would like to know how an experienced investor might approach this situation to maximize value and cash flow.

When my friend started using them they were aggressively looking for rental portfolios in the market so he is sort of grandfathered in with them.Hope this helps with your decision.

If you are cash poor, and can recoup cash from this transaction, it will give you some ammo for the next deal that is going to come in the next 12-18 months.If you were using the space, that would be different, but if you're looking to rent it out, and are stuck without a tenant, you become even more cash poorGood luckGino

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

The fact that you’re being cautious and analyzing strategies is actually a good thing—it’s all about making smart, informed decisions.

You can use Quickbooks and have an account for each LLC (best quality/ease of use software, but most expensive) or WaveApps.As for CC it is somewhat personal decision.