I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Need to watch out for utilities like water meter, electrical, gas, and sewer.

You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years. 

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

.💡 Tax AdvantagesThis is where my tax brain gets excited!

If all goes well, my monthly payments could drop about $60 from a tax reassessment in about six months.

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

Is an IRA subject to capital gains tax?