HH properties (and often HH clients) are high resource utilization accounts for a PMC, so many PMCs won't take them on, or will only take them on with the understanding that the property will be converted to a single-lease property (we do still use this approach.) 

@Raphael RamosLending to someone is interest income just like interest income in your checking or savings account - it’s typically taxed at ordinary income ratesI am not sure I understand the question if it’s deductible?

Same net to the seller, but keeps precious cash in your bank account!

The issue is most accountants think what he says on this topic is not accurate.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

They are a .org organization.

I also let him know that I would need 3 months of bank statements showing deposits going into his account from the business.

Yes, the closing attorney wired our funds, the buyers lender backed out, too late my money was gone and attorney claimed for a week her escrow account was frozen and lied about what really happened until I discovered it and confronted her.

However, this method often fails because it doesn't account for operating costs.

Especially if you’re interested in finding off-market gems.About your first few questions when it comes to bank accounts and loans, there’s no special “land flipping” bank account, but you want one set up specifically for your real estate activity.