I'm not an educator whatsoever but I can give you an overview of my wholesaling and flipping operation here in Central Florida.

You are more than welcome to come, here's the link to sign up for reminders https://forms.gle/VhCj1bEbNndPcPYV7 Feel free to reach out with any questions, we run a flipping and wholesale operation here in Central Florida. 

I did get one and it has properly organized my books and it sped up the tax preparation process.

Typically, the request is at least for the organizational documents, operating agreement and the IRS EIN number. 

Not only for the reasons you mention (easily manipulated, depending on format), but also have next to nothing to do with what your operations will look like.While I do agree that you should try to verify income, both through lease review, P&L, and if they will share: bank statements and tax filings, at the end of the day, I don't put a ton of value in seller financials, for many reasons.  

It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out.

That's why you are seeing Turbo tax is also not allowing to claim depreciation unit its put in service.But you can claim start-up expenses for your rental property upto $5K on your operating expenses.

Travel expenses to look at potential investment properties are generally not tax-deductible unless you operate a real estate portfolio like a business. 2.

.- trusts - deeding each property to a separate land trust each and then the land trusts in turn grant beneficiary to an operating LLC.

For the better part of two decades I've been involved in real estate in some capacity including but not limited to: mortgage & real estate broker, developer, project manager, STR owner/operator/manager, international investor and beyond.