I anxiously want to break out of the rat race!

The old CPA is right as long as he is using a standard amortization table to break out interest and principal and not just doing a straight $40,000/25 years for gain on top of the basis.  

From my experience, you will get the most accurate results when you break out the property into units and run the rent estimator as an "apartment" with beds and baths for each unique unit configuration.

I took a job in NYC as a way to gain experience and 'break out of my shell'. 

Guide to Real Estate Negotiation: http://www.biggerpockets.com/renewsblog/2010/03/24/7-tips-for-better-real-estate-negotiation/Then if size and interest allows/demands we can then breakout into groups to discuss specific strategies that are of interest to us (we did this naturally last time).

 @Jason L.VA Loan amount for 30 yr fixed: $281,450.00Mortgage, taxes and insurance: $2,444.15 Can you provide the loan details and break out the mortgage from the taxes and insurance? 

Just ask them to break out certain items that need capitalized versus expensed.

Although those situations aren't the norm, they can and do happen.Yes, and the sun could supernova tommorrow or a nuclear war could break out.

@William Schuster   There are a number of off-market seller leads that would be available for a direct mail campaign in your area.2,531 Absentee Owners: Home value $50-250,000, eliminate owners with known low equity, singe and mulit-family.2243 Senior Homeowners: 15+ year residence, home value $50-250,000,eliminate owners with known low equity, singe family.message me with your email address if you would like to get a report with breakout by zips.  

Sometimes I also break out total money received over 5 years, this can show them making a lot more.