Hard money lenders, since we are asset based, will go based on the asset - we will look at your credit and experience for terms - but we don't go into your personal accounts and we don't care how many properties you are flipping at one time, or how many loans you have open.

It's easy to set up an account for each property and sub-accounts under that, which is how I would integrate the profit first model if I were you.

Ask an accounting advisor if theirs any benefits to one or the other, but I haven't found anything significant beyond if theres a lawsuit, the LLC's state laws can be involved. 

Hey Dave, I have not found it common among the accounting firm owners I know to take on clients who just need one-off review on part of the tax return.

After the September 11 attack on the world trade towers, they passed a lot of laws aimed at being able to track people, requirements on having identification to open a bank account, and reporting on tax transactions of over $10,000. 

We do have a business checking and savings account setup, but do all rental payments go into the same account generally?

Thankyou for your incite and case study.  

Sales folks bend over backwards to try and solve issues but their accounting department do not provide any support.  

We also manage 2 other companies together that require accounting systems. 

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.