The IRS focuses more on discrepancies, missing information, or suspicious patterns rather than the sheer volume of the return itself.It’s great that your CPA is knowledgeable and has handled IRS representation before.

If the seller or seller's agent is forthcoming with any information related to missing Certficate of Occupancy (CO), you can potentially negotiate based on the work needed to obtain property COs and permits. 

agreed  quality paid off rentals are about as solid as you can get.. not only that you have less maintenance and turn over for the same income.. what one misses is appreciation if thats your goal.. more props that all appreciate more wealth depends on your situation..

I know it may cost up, but they will be able to add the proper verbiage/guarantees/escalations/protections that you may miss, and they will market it for you as well.The you have this lease available for you to use in the future.Gino

Let me know if I missed anything.

If summer, you missed the market and those buyers will look to buy before next season.

Likely not, but if you don't mind taking the risk and spending a little extra in taxes (from missing possible deductions or misunderstanding the law) then that's ok.

It won’t make you rich overnight, but it will give you a full understanding of the process, so you can take what you’re missing and implement it in your business.The best way to steer your business is by seeing the bigger picture.There are tons of reputable programs out there, such as the following:(I’m not affiliated with any of these—just sharing for your convenience).Sean Terry's program- Flip2FreedomWholesaling INC - Various mentorsJerry Norton - Flip Mastery And like I said, many many many others...invest in understanding the bigger picture and it can connect you to succeeding on your own terms

Unfortunately, you miss out on a lot of the cool tax benefits you’d get with long-term real estate investing—like long-term capital gains rates, bonus depreciation, 1031 exchanges, depreciation, etc.Another thing to keep in mind is that when you buy a property to flip, you can’t just deduct the purchase price right away.

Buildium's bank sync/feed is a hit or miss kind of situation.If you are using Buildium and can connect your bank accounts to it, then there is no need to get QBO subscription.