Doing differently would be an opportunity cost.General partners of real estate funds are usually people who has a solid track record, able to provide the tax benefits, LT equity and cash flow you talked about.

Quote from @Donna Johnson: I think you are on the right track.1.

Much easier to delude one self into purchasing a "mentorship" program for $30,000 or more ("put it on your credit card; you'll make it back on your first deal so it really won't cost you anything") and believing that after a "3 day boot camp" you'll be able to compete successfully with people who have the education, knowledge, experience and track record and have been doing it for years.  

Cost seg will not be impacted by renting rooms out 1x1 @John Malone so my question was, how do I keep track of overal avg days, do I take avg of all the rooms etc.

@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

I track the statistics for the multifamily and rental market here and publish a monthly newsletter specifically geared toward investors. 

Google searches will not do it justice.

In my models, I have expenses (less mortgage payments) track the same number so I find the total rate of return to be relatively insensitive to this number.

I can't see how keeping track of all of those accounts would save time or make your life simpler. 

I usually suggest new property owners setup a business before they even close on a property and then use a business credit card for all expenses moving forward and also for them to link it to Quickbooks so everything is automatically tracked for them.There are a lot of nuances and strategies but this is a 30,000 foot view of why you should opt for business>personal