He provides the CPA with Buildium Balance sheet and Income statement reports and any supplemental information like Hud statements if we have done purchases or sales during the year.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

How important is it to get with CPA to assist with tax benefits.

I am not a CPA, I am an investor myself and mortgage broker that focuses on helping with investor on expanding their portfolio in real estate.

Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.

Present it as a flexible, win-win solution that meets their needs.This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

Going to a real estate knowledgeable tax CPA might be the best bet  

The PMI should be tax deductible (talk to your CPA, i am not giving tax advice), and your rate is hopefully in the low 3s.