The general consensus is that the rebate will need to reduce the purchase price of the asset and your accumulated depreciation and depreciation expense accounts will need to be adjusted to reflect the change in cost basis. 

A refinance isn't in the works, and you may just be accumulating a bit of equity through appreciation and through debt pay down. 

Once I get over that initial hurdle, my plan is to continue to accumulate additional properties.

There is no reason to stop accumulating when the deals still meet your underwriting investment guidelines. 

I am looking to network with investors and am currently looking for a CPA in the area.I plan on primarily flipping with my own capital that I have accumulated over the years.

I have been investing slowly since 2006 and I have accumulated about a dozen single and duplex properties.

Bankruptcy since the multiple late mortgage payments are going to be pretty devastating to my credit not to mention the credit card debt that has accumulated.

I also have no children and have already accumulated nearly a dozen units already.

I just started accumulating properties in Western PA because of cash flow vs purchase ration is much better.

In the middle of all this, I somehow struck up a conversation with a co-worker who began to describe to me how he had accumulated 10 single family properties in the Las Vegas area within the last 3 years.