You have to remember that book keeping is relatively easy, so it's not just the book keeping your are paying for; you are paying for a business advisor who will help you systematize financial processes, make strategic financial decisions, and take your business to the next level. 

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

Consider Consulting a Professional: If you’re unsure about any aspect of property taxation or need assistance with assessment appeals or tax planning, consider seeking advice from a qualified real estate attorney, tax advisor, or property tax consultant.

The easier way is to establish a relationship with a portfolio bank (commercial lending) no limit to the number of houses you can own.Better yet, do something like what I do: I don't use banks at allAverage Cash Flow Per Door In Phoenix Metro Areahttps://www.biggerpockets.com/forums/600/topics/58...

It's pretty normal I feel, but if you screen the right tenants and establish a good profile on them, then it would probably pay to keep them happy and let them mount.

I am seeking to establish a Land Trust for the purpose of acquiring a property while maintaining anonymity in a creative deal.

From financial analysts to legal advisors, having experts who can identify and manage risks effectively safeguards investments.🌱 Long-Term Vision: Multifamily investing isn't just about quick wins; it's about long-term growth.

He is definitely more conservative In my experience, former IRS employees are often poor tax advisors due to their brainwashing while working for Uncle Sam.

Establishing an emergency fund, then contributing to a 401k, saving at least the minimum amount to get the company match, continuing to increase contributions until reaching the government maximum allowance.

I have a couple of PMs that I have established mentorships with, and I have access to a few groups via our PMS Hostfully that I can collaborate with, but I will take all the help I can get so if you can direct me towards STR mastermind groups I'll definitely take a look!