I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Quote from @Chandler Williams: Thank you for your response Jerryll, I really appreciate the help.

I use the TX bookkeeper @Chris Seveney is referring to for my main entity, but I use WaveApps for all my other entities, and they have a free plan, and also a wizard that can help you set up your chart of accounts. 

Your input would be really helpful as I navigate these details.Thanks again!

Something to consider to is that if you are able to refinance after the addition and pull out some or all of your new investment and the cashflow still makes sense then by all means I think go for it.

A particular strategy that may help you is to assume VA loans.  

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

I'd imagine I have a referral code or something somewhere if that's helpful for you, might get you $ of your first box or something.

You risk the chance of being sued for not letting someone apply that asked.Hope this helps, feel free to reach out if you have any other questions

Hope this helps.