Unfortunately, I’ve only just come to realize that my CPA is not very proficient in real estate and doesn’t know all the details, making it much more complicated to file taxes now with me doing lots of research.

I also recommend learning from each and every one of these consultants, that way you have some type of proficiency and understanding of things.

With only 1 rental, you will never become proficient enough to do it well.

Hi Alex,I believe that there are only some the things you need to be at least proficient in before you take the plunge and that is learning how to analyze a deal/knowing what numbers work you and being able to vet agents,lenders, etc.

Best to get proficient on the NY State regulations that got passed in regards to decapitating Landlords and their abilities to raise rents, evictions, etc....Good Luck!

If they're a litigator, check the Clerk's web site in the areas they practice and see how many times their name appears and look at how the cases resolved to get an idea of their proficiency.

He has dedicated is life to minimizing taxes and has a lot to say on how to or not to use SDIRA.Once we became proficient at real estate investing, we used every opportunity to take money out of our 401k because we could make so much more in real estate. 

That is why it is important to work with and agent proficient in investing 

Each tends towards a different risk profile and requires different skills for proficiency. 

I am not proficient enough yet to give all the details.