@Greg StrunakA 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.

AccountabilityAnother obvious and much-needed benefit of a coaching program is having someone hold you accountable.

Hi Yashira,I have not tried to link my bank account again. 

Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.

For seasonality, I take into account holidays and local events that might drive demand.I'd be happy to connect for more ideas! 

Foreign National programs sometimes require that you have US credit and most will want you to have a US-based bank account.

Make sure you account for all of your interest load if youre using a Heloc for permanent financing as you suggest.

When you pay cash for a $400,000 home and rent it out, your rate of return will likely be less than 6%.You could invest in stocks and earn 7% or better.You could put the money in a high-interest savings account and earn up to 5%.I don't understand why anyone would pay cash for real estate, erasing many benefits that increase the rate of return, while exposing themselves to the risk of loss (turnover costs, bad tenants, capex, etc.). 

Along with the research I am doing, I'd love to hear from others about their firsthand experience.I am 33 years old, recently married, no kids but plan to have our first in the next year.

My building is in a small community and unfortunately the other plow guys I contacted for bids would not agree to take the account away from their peer.