.,) and use QuickBooks for everything related to accounting/financials.

You are making the decision to grow your financial portfolio in a great way.

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I am not really in a position to purchase my first property just yet, but I am getting all my financials in order and saving up to hopefully buy something next year.

While I am totally new to this venture, I am driven by a passion for investing and the potential it holds for creating financial freedom.

I am interested in starting with short term rentals to reach financial freedom and flexibility.

So, if you assess yourself you might find your interest is financials and you want to be a financial guy dealing with accounting and finance or maybe you want to be hands-on in some way.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

I wasnt aware of the business plan part but was told it was a requirement if i had no record of business financials (newly formed corp)   Do you have a sample copy of a business plan for lenders?

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.