Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

If the prospects look financially shaky or sketchy, I ask for the name of a co-signer - and collect payment for a background check on them.Verbally, I also ask when they are interested in taking occupancy, and I tell them the application will be made part of the lease agreement - that I can evict them if they've lied in their application.

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 specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

We have a solid system in Quickbooks and want to stay with that for financials.

HighLevelAccounting & Finance: What tools make bookkeeping and financial tracking seamless?

Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

@Alex Lee203k is an amazing tool as long as you don't overextend yourself financially. 

In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class. 

This is a great first step into your financial future.

Working with AvantStay caused me large ongoing financial losses.I signed on with them to manage two of my properties in vacation markets.