They just need to know the common stuff such as 1031s, cost seg studies, proper classification of depreciable improvements, etc.In my experience, it's tough to find a good CPA that knows the ins and outs of real estate taxes as there seems to be a shortage of well qualified ones.

I consider these to be a specialty real estate class since they require more than the average type of landlord experience to succeed in this RE investment class. If

Most states I think consider mobile homes in the same classification as an automobile.

If you go with option 3 then hopefully they have a specific classification for that to make it easy for you (i.e. classifying them as "residential property 2-4 units" is how I have seen some counties do it).You should still build a good relationship with a local broker/agent so that they can keep an eye out for you and could potentially bring you deals before they go to market.

From a personal investing standpoint, I prefer the suburbs as I tend to get appreciation and a higher tenant class.  If

And if you want to thank them for helping you, vote them up by clicking the votes counter under their photo.The issue of different types of income can get complicated, mainly because of different classifications that are sometimes overlapping.

So,by government classification we were a general partnership at the time.

@Padam Neopane I tried QB, but it doesn't;t handle multiple properties well and the standard classes or whatever you call them aren't for real estate so I looked at Stessa and Digb (both focused on real estate) and eventually went with Digb because they have more accurate auto-classification of transaction after you link bank accounts so you don't need to do bookkeeping.

The highest rating area in the Fort Worth area is Keller & comes in at an 83 & the Dallas area is Main Street District coming in at a 86.Here is my rating & classification for each score.

There is too much inflated classifications by brokers and people trying to sell people out of state.