A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.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.

Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

Link to home: https://www.zillow.com/homedetails/5649-36th-Ave-SW-Seattle-...Link to new Seattle zoning plan: https://one-seattle-plan-zoning-implementation-seattlecitygi...

Owning a duplex at 20 is a huge accomplishment, and it’s inspiring to see you’re already planning your next move.From my perspective, real estate investing is a long-term game focused on building equity, paying down debt, and maintaining stability over chasing short-term cash flow.

This property offers spacious townhouse like setting floor plans offering one, two and three-bedrooms.

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.

Problem SolverLet’s be real—no project ever goes 100% according to plan.

There are dozens of problems you can face as a landlord, and I feel it's important to have a plan for all of them.

Our portfolio currently cash flows, but cash flow isn’t our top priority right now since we plan to use this portfolio to supplement our retirement in 12 years when I leave the Army.My biggest challenge is committing to an out-of-state market.