@Abraham BerkowitzI suggest you focus on making money on this deal and not on reducing future hypothetical taxes. 95% of first-time flippers lose money on their first deal once everything is accounted for.

In Lee County Florida alone, they now have 26 lawsuits filed.Also, in Harris County, Texas, a garnishment order was issued against Blacktip and various other parties for their Bank of Ozarks bank accounts.

Account Closed I am  looking at a duplex with a third attic unit in Cleveland. 

If you have any claims or some list particular claims in that time frame they will not accept new business from you.In speaking with the product managers I've given the example of a client with 50+ locations paying over 45k per year in premium having a claim for $10,000 and would they take the total account into consideration when this client buys another property... the answer was a hard no. 

Model Accountability and Integrity Lead by Example: They hold themselves accountable, demonstrating responsibility and integrity, which sets the standard for the rest of the team.

@Ashley Campbell You are wise to engage an accountant who understands real estate and who has a significant percentage of RE investor clients.That said, it shouldn't cost anywhere near $5K for you to get answers to basic questions!

This account includes ESCROW IMPOUNDS being collected for the payments of taxes and insurance bills as their occur. 

Only pay them after they are out and keys are in your hand.In the future, study the law and figure out how to remove tenants without using the court system.

DSCR doesn’t take into account the property’s purchase price but focuses on debt repayment capacity.

Make sure to study the buyer your trying to target...but you already know that.Hope that helps