I did not find anything unusual in what they set up that would require me to change what we are doing for taxes.Can you clarify why are you concerned about coordination between your CPA and RLS?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

In this situation, it’s important to approach the tenant professionally and review the terms of the lease to make sure the rent increase was properly communicated and complies with local laws.

I would work on getting your income up, and saving properly. $30-40k a year is not enough to manage REI, if anyone tells you it is it's either they got something to sell you or they have not faced a cycle or two of financial hardship(economic not necessarily personal).

I had my attorney file the proper paperwork to redeem the overage, which was recently granted.So I don’t know who you are, but thank you, Ben I would have eventually discovered this but not as early as I did.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Just make sure you’re following all the proper procedures because she would likely make a very sympathetic figure in court if it came to that.

I think mid South has grown without placing the proper personnel infrastructure that they absolutely need to run these projects. 

Which has nothing to do with RESPA and is allowed in some states as long as it is properly disclosed.

I have used Proper for my STRs, Obie for one big STR.