But as someone who has an LLC and had the occasion to have to defend it I want to say that the most important part of picking someone for advice is that you choose someone who specializes in your field. 

I guess I am a little emotional on this because I and my family has had to comfort stereotypes on many occasions in a myriad of situations.

Using a zero down VA is my plan for the first property and I may try to do it like a house hack as Brandon has described on multiple occasions.

There would be no taxable gain in this situation and I am still able to claim my deferred losses.Eamonn - please document this rare occasion when we're in agreement  :)Jon - here is another way to describe your situation:Assume that your took $20k worth of depreciation.

There is still the rare occasion that a bank will try call in their note, but once we discuss this Act mentioned above they withdraw. 

This property would be leased out 90% of the time and personal use on a few occasions a year.

On those infrequent occasions when I had an unexpected expense, I put it on my credit card and paid it off as soon as I could.

I've read that on occasion people have had to fight with the payment services to straighten out problems. 

Once done, a competent CPA will quite often be able to file your S Corp and properly register it with the IRS.However, I've seen many occasions where I've had to go in afterwards and clean up the mess from improper filings.

I have been inside the apartment several times to pick up rent and to fix a bathroom fan and a jammed window on another occasion and every time the apartment smells there is a sink full of dirty dishes old food laying around and just overall dirty...