However, if you are aware of this I think you can apply some strategic self control.

They do zero analysis whether it is a flip deal or a B&H deal.A flip deal the Cost Of Repairs is MUCH higher than a B&H deal.You have to be strategic!

That means you're making an appreciation strategic play.

Until last year I was doing my taxes on Turbo tax but this year I am on the hunt for a new CPA to help me with my taxes and strategize my real estate investement going forward.

If it's strategically better for you to file as a partnership, then have a CPA prep Form 1065 for you.

This will be our 3rd CPA in 3 years so we're hoping to find someone we can stick with for the long term.We are looking for a CPA who not only does our taxes but helps us strategize when it comes to forming entities, using retirement accounts, etc.

My goal is to make sure the property has positive cash flow after all expenses including interest rate towards HELOC is paid off.Just curious if anyone has any recommendations how to be strategic with using HELOC.Thanks!

Stop everything.Get situated, orientate your self, get a plan going, be strategic, have systems in place and act and apply being very calculated.So what should you do?

However, like in 2008-2011, there is a very real possibility that if housing prices and/or rent amounts drop for a persistent length of time, non-occupied owners (NOO) may succumb to strategic default.

I'm looking for guidance on how to strategically do this.Since we have contributed $300k to the LLC, and it far in excess of what I am taking out, wouldn't the distributions only reduce our basis in the LLC and have no tax impact on me?