Consulting a CPA is a must to navigate these nuances.Double-check these details with your lender and CPA to avoid surprises and keep scaling smoothly.

However, if you’re requesting in-depth consultations like landscaping costs or detailed property assessments, it’s fair to offer compensation for their time.My advice: Start by finding an agent who understands STR investments in Joshua Tree.

However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,to get detailed information: https://spotcrime.com/map?

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

Attention to detail is important in this business.

When calculating that into your analysis you’ll see that can eat up your profit real quick.

Hey @Chad GardnerI just did an analysis if St Paul multifamily purchases with @Adam Tafel for our Twin Cities Real Estate Investing Show.

@Allie McAlister thank you for the detailed response!

As someone who focuses more on equity than cashflow, I do include capital expenses in my initial analysis.

Our pricing projections are based on market trends, historical data, and neighborhood-specific analysis.