Hello! I am getting more into active investing now and would like to know if getting a CFP is helpful. I am in the process of acquiring a rental property and expect to acquire another in the next 18 months. I also hav...

As with any tax advice, it's dependent on your unique situation and a qualified tax planner will gather all the information and come to you with recommendations. 

Consulting with a local real estate advisor or financial planner can provide personalized insights based on your specific situation. 

To conclude my overly verbose answer, you need a very knowledgable financial planner.

I can share numbers in a different post.Determining whether it is legal to convert the garage into a living space.I contacted the city planner to determine whether the construction was allowed.

Check out the website for: American Institute of Certified Tax Planners

It might be worth talking to a financial advisor or estate planner to see if a trust could be a good fit for you.RM, Thanks.

We're going to talk with a tax planner too, but we're thinking the loss on the property may offset the taxes he pays on his W2 so it may be a wash.We're not afraid to be landlords.

Ask for a planner-of-the-day.

In discussions with planners on what to do with the property, the idea of rezoning for a purpose built multifamily rental has come up.