Sharing my experiences not only inspires but also confirms beyond a doubt that I am the real thing, the financial guru.The best social media post is when we distribute cheques to our investors.

Make sure you’re clear on those and consult with a tax advisor to confirm your assumptions.

Then after that split is taken out, we pay income taxes to Uncle Sam, errors and omissions insurance (in case there's a lawsuit), Realtor's Association dues, MLS fees (so you can look at properties on Zillow), monthly technology/desk fees to our broker, health insurance, car insurance, gas, maintenance, clothing, computer, cell phone, software, marketing, etc.

Can anyone confirm?

I will definitely need to make another call to confirm.

Yes, definitely reach out to an accountant for help with an LLC, an IRS EIN, accounting software recommendations and tax planning. 

really depends on the state.. for instance OHIO is one of the safest the judge wont confirm the sale unless everything except irs is taken care of.. you just need to know if its a first or second.NV is another pretty easy one at least Vegas. where the sales are handle downtown there is a title company right there and they run title on everything that is going and offer a hand out to any bidders just ask for it..

I would check out Hospitable for property management software that does a lot at a reasonable price!

If you are using accounting software attach the receipts to the transactions as well.

There is a software that can help determine the true value of the old roof costs that are no longer present, especially if a cost segregation study was not done previously.