A turnkey provider usually buys the property, renovates it, sells it to you, and then manages it for you.

Apparently this is an issue that other investors have faced as well, because it requires a bank manager to do a minor workaround with a field entry in the system in order to make it work. 

Gann, JD (“Rick”) is Managing Partner of 1031 Capital Solutions, serving the Pacific Northwest from the firm’s office in Lake Oswego. 1031 Capital Solutions’ mission is to provide tax-efficient strategies to real estate investors.The contents of this article constitute neither an offer to sell nor a solicitation of an offer to buy any security which can only be made by prospectus.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

Good morning,I’ve owned a MF in Euclid, Ohio for a few years but just recently started to self-manage it.

However, I eventually started to let pets in after my property manager convinced me to do so. 

Unless the LLC clearly has members that are separate from teh manager. 

We managed to navigate it, but it was a lesson in the importance of understanding both federal and state regulations.Given your location in Boston, Massachusetts, it's especially pertinent to consult with a qualified intermediary or tax professional familiar with both federal and Massachusetts state laws to ensure a smooth exchange process.

Would my previous industry experience (property management, acquisitions, asset management, Realtor) improve my chances of qualifying for a DSCR loan?

I self manage 29 SFR and do all my taxes on turbo tax.