., to be honest, if you can't simply explain it in a post, you have already lost a vast majority of investors.  

About two weeks later, the appraisal came back with a value that was off by approximately 35%, leading the lender to reject the loan.I contacted the lender to explain why I believed the appraisal was flawed.

You are walking into a potential situation that can break your heart, break your bank account, or break your will to ever try this again...Maybe if your lucky, all 3https://phillysheriff.com/property-listing/ Thank you for the information!

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.

Tis the season. End of the year. The season of Bigger Pockets investors posting 10 nearly identical "Looking for a CPA" messages per day.
Disclosure: I am one of those people you are looking for. But this post is not...

I've been on at least a half dozen posts on BP where people try to explain-away the fact that they broke the law. 

We sold 3 locations that had little debt on them with great cashflow, stayed heavy in cash, our stock return was only around 11% versus 25% since we went conservative, have two projects banks have already greenlighted with no downpayment on our part using cross collateralization with other properties- built in $2.5mm equity creation in 3 years in those projects, on hold for now.  .   

What's your income and how much money do you have in the bank would be the first thing I would consider.

Quote from @Calvin Thomas: Quote from @James Hamling: Ok, to those who think % base assures a PMc will "make sure property is leased" you are wrong, and I will explain why and the reality of what it does. 

@Tim Bergstrom I am a lender with a local bank here in Louisville and an investor personally as well.