It doesn't work well with S corporations or regular C corporations.BTW CPA firms (mine included) love S corporations They're profitable returns to prepare.

The project will start soon, and I believe it will take that long for the construction company to complete the work on all the buildings.I have landlord insurance with State Farm, which includes coverage for loss assessments that should cover this amount.

I specialize in this type of transaction and would be happy to have a conversation including why they may not be a fit for you. 

I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck  I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

That's including high Baltimore property taxes, expenses, mortgage, etc. 

If you are zoned for a triplex then you can see what they will require, which will most likely include sprinklers in the whole building.

I am looking for a more efficient way to keep track of expenses, log receipts (including the actual graphic of the receipt) and seamlessly export expense info for tax time.

I already have proof of concept in Raleigh as Ive talked to multiple people (including the agent Im working with there) saying airbnb-ing rooms is a cash cow there. 

Leftover cash after expenses(not including personal expenses): $3250 

That does not include any expenses, vacancy, etc.similar rent minus PITI does not equal cash flow.