Likewise, loan points are amortized over the life of the loan and I have them in a separate sub-table of the fixedAssets, but unless they pull up the original journal entry you can't tell which loan they pair with, and it seems like a stretch for the CPA to track down that the loan was refinanced and hence all the remaining depreciation should be taken now. 

He filed taxes separately for 2022 & 2023 and depreciated the property in those filings.  

Creating an LLC before purchasing your first investment property isn't essential, but it provides liability protection by separating personal assets from property risks. 

Feel free to reach out to me separately if you'd like to connect and network. 

For example saying racism is worse than it was in our parents lifetime... my parents remember when there were separate bathrooms and water fountains for different races and people were still being lynched in the South, so it's obviously an egregiously untrue statement although I agree that racism is still a big problem. 

Quote from @Ryan Prange: You don't need separate bank accounts unless they are under LLCs, then you will need a separate bank account for each LLC.

If so, you can test each unit separately, as it seems obvious that the first floor leak would be from the second floor, but water is a tricky situation.For the roof, I would certainly get several groups out to let them diagnose the issue and bid the resolution.  

It seems that getting an ADU would be tough to get in Montgomery county if renting a basement (with separate kitchen).

Separately, there are tons of older extended stay hotels in all the major growth cities with people living in them paying (fairly high) monthly rates due to convenience or lack of qualification for typical rentals.

I've come across a property with a basement which i can turn into a separate unit.