While certainly not as extreme as the examples in the article you shared, I've seen condo owners in many states hit with special assessments. 

You can then approach a plumbing company to negotiate special rates for those involved.

Honestly knowing that people can't picture the finished product, I'd wait until you have possession and can post after photos.

Now in most cases the same renovation will require an engineer report, and full architectural drawings….I recently had to obtain structural drawings and complete special inspections for a rear trex deck….Just a few examples of costs someone will incur flipping a house in Philly.

Make sure you work with an accountant specializing in real estate taxation come tax time. 

Enhance your listings with high-quality photos, virtual tours, and detailed descriptions.Incentives: Offer move-in specials or discounts, such as the first month free or reduced security deposits, to attract tenants.3.

I've specialized in landlord-tenant law since 2006, and I can tell you, most lease agreements out there (including from notable online sources) are only standard leases and do not have a professional landlord business in mind. 3.

Just make sure they specialize in tax and have significant experience dealing with real estate investors.Here is a great list of questions to ask a potential accountant: http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

@Phillip DixonI recommend finding an accountant who specializes in real estate taxation.

That journal entry also debits a special Asset account “Due from PM” that decreases that asset and inscreases when PM direct deposits and the transaction matches as deposit on “Due from PM”.