I've developed some great relationships and also a business partner from these meetings.

He was recommended to me by a big-time investor in Kansas City that I had built a relationship with, and other local investors also vouched for him.Although the 8-unit deal didn’t end up closing, I felt confident about using that lawyer if it had gone through.

Flexibility – Investors at the beginning may often like the flexibility of mixing and matching coverage as their needs change or their risk profiles evolve.While this approach works for many Investors initially, as they scale and risks become more complex, managing multiple policies and relationships can be burdensome.

This takes a relationship with the lender, though.

I've developed some great relationships and also a business partner from these meetings.

The diagram below illustrates this cause-and-effect relationship (click to enlarge).Also, the goal of real estate investing is not to own property.

This is typically done through a change in accounting method using IRS Form 3115.This post does not create a CPA-Client relationship.

They also felt it was good for tax compliance but not necessarily that they had a proactive working relationship with their accountant.I would recommend searching the forums here on BP as well as asking for recommendations. 

I have been working in this area for about 5 years now.We have noticed that an influx of Canadians are making the move to Arizona, and I would love create a relationship with some of you agents and talk about what type of service I can offer to any of your clients thinking about making the move to AZ.

Deducting expenses and considering an LLC or S-Corp structure might help manage taxes.This post does not create a CPA-Client relationship.