A good tax accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.

I have a registered architect and structural PE on staff.Looking in the small multifamily market currently

There is also an ad on small "house" which is also being rented.

These properties can provide cash flow and diversification while qualifying for favorable residential loans.

It does have a small garage.

I toured the property when they were home and they asked me how the living situation was gonna work, which I explained that my loan said that I had to live on the property for a year, and the tenant next door was on a year lease & he was month to month... so he was going to have to leave.

FHA loans require living in the home as your primary residence for 1 year after purchase.

Another struggle i have with STR is replacing small items continually which ties back to pricing.

@Jake Baker  You should think about a rehab loan if you are going to buy and hold.

Now where is that EXTRA dollar?