Ensure you have an emergency fund for vacancies or repairs and verify market trends to confirm the investment supports your long-term financial plan.This post does not create a CPA-Client relationship.

Hi Danny,I've personally owned several rentals in Schenectady, and also own a local PM company in the capital region so we work with tons of clients in the area that ask this all the time. 

Your LLC that flips might need to be S-Corp eventually.This post does not create a CPA-Client relationship.

We always get that permission in writing, though, to cover our bases.All in all, I recommend nurturing these relationships as these are among the best clients to serve in the MTR space.

Consider transferring to an LLC after occupancy, keeping the due-on-sale clause in mind.This post does not create a CPA-Client relationship.

In the last five years, I’ve had close to 10 investor clients who either became real estate agents or had their spouses do so—because they were certain they already knew enough to handle it on their own.From here, I’ve seen things go in two directions.One path is overconfidence: they rush out, buy properties, and quickly get themselves into trouble.

With my clients, I generally use 35%/8%. 

I was just in Cleveland last week and my client there has 18 projects going I personally walked each one and spent 2 fulls days with him and his staff..

I recommend to any new clients I take on to have 50k to get started at the cheapest price points. 

I have a client right now that we are buying a house for right up the street from where I live and invest.