Is my accountant accurate in stating I cannot deduct the expenses related to the property if it's not listed in an LLC?

I'm not sure your cash flow is accurate.

@Jared FisherRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

When you move out you begin to experience POSITIVE CASH FLOW in which your tenants help you buy the property.....where eventually you own it out right, and now it becomes like a pension..........Predictable and Sustainable income for life.   

That is your competition.I believe my recommendation will prove accurate.  

Real Estate Market Predictions for 2025Single-Family Homes: Prices will likely remain flat due to homeowners holding onto low-interest-rate loans, causing fewer properties to hit the market.

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.

My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

Here is the rental analysis data on how we came to $1,610 per unit and, when manually comp we find that's dang accurate for 4br.

It's important to have a good understanding of the different areas of Cincinnati and Dayton, so you can assure that you're pulling accurate comps.