That's easily worth it in my opinion for all the great advice I get and for the added safety that I get someone on my side in case I'm ever audited.

I've read in other tax forums assertion of IRS auditing real estate pro's... 

This is why when buying a business for instance you rely on audited financial statements because someone typically goes to jail or looses a license for knowingly providing false information.

I'm in the Miami/ Plantation areas consistently for audit work.

Think of this as audit proofing your tax return.As far as the first question: You will probably want to hold it personally especially in order to gain favorable financing initially.

He talks about doing an accusation audit or finding out what their concerns are and being prepared for them as well as using mirroring techniques.

If we really want to end wasteful government spending we should shoot all the old people, audit the military rigorously for wasteful spending, and pay off the national debt before we do a single thing about assistance to poor people.

The owner must give the PHA any information requested by the PHA on rents charged by the owner for other units in the premises or elsewhere.Section 7 a3. the PHA shall not be obligated to pay any late payment penalty if HUD determines that late payment by the PHA is due to factors beyond the PHA’s controlSection 11 b & c The PHA, HUD and the Comptroller General of theUnited States shall have full and free access to thecontract unit and the premises, and to all accounts and other records of the owner that are relevant to the HAPcontract, including the right to examine or audit the records and to make copies.The owner must grant such access to computerized or other electronic records, and to any computers, equipmentor facilities containing such records, and must provide any information or assistance needed to accessthe records.That last part is a deal killer for us and we would never agree to allow that kind of access to our business records.

I would not hide anything from court or audits or anything.

Both GSEs were under insolvent in 04, the public did not know, the market did not know BUT the accountants that were auditing their books did.