But...If I wanted to engage in other REI deals with money straight from my savings account, would I have to form a separate business entity in order to take part?

They turned out to be excellent tenants, and I have kept all of them now for a fourth straight year.

You really don't need any "special" accountant for this, its pretty straight forward process, the same as taking distribution from conventional IRA at let's say Fidelity, Schwab, etc. 

But look in the mirror and if you can say with a straight face that your intent was to hold for productive use and some outside circumstance is causing you to change your intent. 

Are you getting your target properties under contract straight away or are you expecting to line up financing before putting in an offer? 

In addition, you can form good relationships that can serve you later on in life as your peers also get successful.You can learn all the things by jumping straight into becoming an investor, but the cost of not knowing something and learning can be costly.

The operating expenses above though look awfully low for the year, almost as if vacancy, maint and Capex savings aren't accounted for.Can anyone help set me straight... or is this actually a bad property (at its current list price)?

The operating expenses above though look awfully low for the year, almost as if vacancy, maint and Capex savings aren't accounted for.Can anyone help set me straight... or is this actually a bad property (at its current list price)?

Personally I just do all of that verbally and then go straight to contract.

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