Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

Most real estate investing books will answer this question, and there are a lot of blogs about the topic.

Wishing you the best on that first deal!

I am 20 years old and this year I decided to take my path into the real estate world.

Here’s a clear and practical response:Hi Noemi,Congrats on setting up your LLC and series structure!

Great to know your making moves again this year.

Im A Wholesaler, I look to Network with likeminded Individuals within this Area & Gain Knowledge along side from those who are more experienced to sharpen me. 

Tell us more about these loan programs~

Of the dozens of MFR I have closed on over the years none have been in Newark, the reason for this is it is not worth the headache. 

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.