@Mike Levene First note, I agree with others saying cash flow is a bonus, though it depends on what stage of investing you're in.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I would hire out a leasing agent and work a bonus structure in that allows for them to exceed the 5% given they beat my planned vacancy number. 

Positive cash flow would be a bonus.

QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.

We also try to incentivize early completion with bonuses and punish late completion with reduced payments, but in reality this often becomes challenging because of things outside the contractor’s control.Hope this helps you some.

Do you have any insight for me - I really just want to break even; profit would be a bonus.   

Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.

The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.

What is transpiring now is clearly disputed on who has rights to what assets. 5. if you read everything in the SEC and their 1-SA and financials, if you see how much they paid in salaries/bonuses you would vomit.