If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright. 

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But last year, I bought a triplex in Cleveland (buy and hold) and a single-family home (SFH) in December, which I’m still waiting to rent out.I’ve spoken with a few CPAs and got different pricing:• Taxstra PLLC: $1,500 for tax prep plus ongoing tax guidance throughout the year.• Prime Corporate Services: $2,800 upfront, plus $100/month (deducted at the end of the year).Both have great reviews on Google.My question is: Am I too small at this stage to go with the more expensive option?

This is more of a reach goal for me since I am still in my "collect 4 green houses before trading up to a red hotel" stage, but I thought I would ask the hive mind anyways. How are deals like this usually structured? ...

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

That’s on a whole other level of scamming people.

Quote from @Pearse Cafiero: You want to borrow money to buy a house, but you don't have the downpayment.

Want to say a general and huge Thank you to these forums, even before being a "professional" of the industry, this was somewhere I enjoyed posting and meeting people when I had my W2, and continues to be the "benchmark" in the industry for me. 

It's far too much work for me to deal with potential roommate drama and sign leases with 3 different people. beside with one bathroom, it might be too intimate for strangers to share. 

Quote from @Michael A Pansolini: Hey guys,My team and I put together a 5-Minute Deal Evaluator that helps people quickly underwrite deals in about 5 minutes!