After about 5 years, I can bank on reselling the property for at least what I paid, if not more and take a profit.

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.

It'll range from - no problem link a bank account and continue payments to you have 30 days to pay back the loan or we'll default it.

But unlike going to your bank (and getting your local banks CD rates), with these accounts you can shop CD rates nationwide. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Try talking to local banks who want to do business with you.

Each program is a little different so it just depends on your situation and income.They are quick and easy though once you get your certificate you can work with any Bank or Lender that is approved to use those DPA's.

I ask for a list of their current ongoing monthly expenses.Lastly, I have them sign an authorization to check all the above with their bank, their employer, etc.

As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance!