So, they are often not prepared for large sudden changes.

If the tenant is aware and using the grace period purposely, then you may have a tenant who pays consistently - on the 10th.with your latest info that you haven’t received payment on the 11th I’d venture you have a problem tenant.

Eager to learn about RE tax write-offs, how to document/keep up with expenses, what can be written off, etc. at this point...However, the 3 RE focused CPA's I've visited with want $5,000 annually for a couple hour sessions a year and a few recorded classes and other resources, which does not include tax preparation. 

@Masyn Grant BarneySmall multifamily properties can be profitable by implementing strategies such as a large down payment, house hacking, seller financing, short-term rentals, joint ventures, opportunity zones, and real estate syndications.

Working with a CPA ensures you are fully prepared and equipped to take advantage of the latest updates.

& there are many brokerages out there and usually if there is a lot of training, commissions will be reduced which you should be prepared for that since you are a newer agent.

However, when you have the right resources—whether that’s a mentor, a toolkit, or a community of fellow investors—you’ll gain the confidence you need to take action.Having access to reliable resources allows you to feel supported and prepared.

An LLC would be useful for  banking, accounting and tax return preparation.

Part of that work should have been taking all the calls, doing all the showings, providing professional advice on the presentation and preparation of your home for the listing.

It takes a lot of preparation - from the farmer to the butcher to the marinade.