These CPAs have their own companies and are taking a pay cut working with WealthAbility in the hopes of gaining wealthy well-vetted clients.Of note, there is a clear difference between tax strategy planning and tax preparation and the $25k paid was claimed by WealthAbility to cover both.

- What does your RE attorney and tax preparer need to know before you purchase a property in a SDIRA's LLC? 

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

So, if this makes you nervous you may not be prepared for more difficult situations. 

I purchased my second turnkey from Smartland in November 2015 and I am preparing to hopefully purchase my third soon.

Read as much as you can, take notes, and prepare yourself.

Assemble as much money as is reasonable, be prepared and enjoy the ride.

Nor will a title company provide a complete loan package.Your friend needs a lending attorney to prepare a set of loan documents.

Make sure you’re prepared for these challenges, especially if your cash flow margins are tight.Spousal Agreement:It’s important to have your spouse on board with your investment strategy.

@Nicholas BetancourtYes, a separate bank and separate credit and debit cards will help with tracking income and expenses and will help with tax return preparation.