The property accountant will reconcile bank accounts, rent reconciliations, create (maybe post) journal entries, preform CAM recs (commercial assets) and do the period end closing with financials to shareholders (lenders, owners, partners, etc).   

Even the American Institute of CPAs (AICPA) and the American Journal of Accountancy recommend doing cost seg on any investment above $750K in the purchase price.

Here's a quote from an article written in The CPA Journal:" IRC section 1221(a)(1) defines a capital asset in a negative fashion.

Occasionally, I use my personal bank account, also credit cards to pay for rental expenses, and I have to make "journal entries" to record these.

If so, we can just look at Dallas as a whole, and start our search in the counties/ZIPs that look most promising)These are the maps we created:FloridaMissouriGeorgiaMarylandNorth CarolinaVirginiaPennsylvaniaNew YorkColoradoTexasAfter looking at these maps, and reflecting on where we would want to live, we narrowed it down to the following 5 (in order of personal preference):Denver ColoradoThe San Antonio -> Austin TX CorridorThe Washington, DC to Richmond VA CorridorSouthern MarylandRaleigh-Durham, NCNext StepsWe are still discussing what our next logical step is...but we are fairly certain the next immediate step is doing a more qualitative analysis of the areas: reading business journals, reading local newspapers, investigating school and community development initiatives, investigating school quality, etc.With that qualitative analysis, we will likely eliminate another 1-3 cities, then plan to build our team and network with local investors After that, we will build our team in those cities and plan a visit to build relationships and vet properties.I hope that revealing part of our process helps at least one person, even if it's just learning something about your market from the HUGE CSV FILE I posted.Do you agree with this process?

There was just an article in the Wall Street Journal last week about how many hotels are doing this now too.

I will definitely keep this forum posted and I may even write some of this stuff down for a journal or a book or something :).

.- Journaling each morning and evening to write down what I'm grateful for, what I look to accomplish on that day, what lessons I learned, what my overall goals are.- Open conversation with my wife, close friends and family about how they are doing and about how I am doing.- DONATE!!!!

That being said, Equity Lines are usually based on the Wall Street Journal Prime Rate, currently at 8.25%.

Regardless of the actual numbers, I think millennial home ownership is probably alive and well in ol’ Decatur, as starter-home barrier to entry is under 10k.The Wall Street Journal writer then suggests that we “consider” a Roth IRA.