I can hardly believe an accountant would say such a thing unless there are pieces of the story that aren't in the post. 

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

Focus on saving and researching financing while networking with real estate professionals to prepare for your first investment.Dont forget to add tax savings to your ROI for better decision making.This post does not create a CPA-Client relationship.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

Something about acting on unconfirmed information really doesn't sit well with me.

I feel like this post is missing a lot.

Here's how to pin a house and the information it shows. 

Investors and agents often post when they need help with admin tasks or market research.

Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

Originally posted by @Joseph Binkowski:Hey BP Community -I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]So then I began thinking...How can I possibly get involved?