Here's what's very important to understand: you still owe depreciation recapture tax on $100k, not on $70k!

Usually I say if I have to learn something new and it will take me a long time to understand the material I say outsource because you can spend your time working on your business.

Plus, multifamily often appreciates faster in growing markets.Challenges: It’s a steeper learning curve—financing is trickier (think commercial loans), and you’ll need to understand occupancy rates, maintenance costs, and tenant turnover on a bigger scale.

I understand the value my CPA provides for me in my situation.However, when should my other 2 partners hire help for taxes? 

Thanks Brandon Rizzo for understanding here.

Also know that you can't necessarily trust the NOI as presented, you must, must, must run the numbers.Here's a good link to start understanding the basics:http://www.noneman.com/pdfs/White_Paper_Cap_Rates....

I understand and appreciate the S&P tracker strategy but end of the day / career means big tax penalties.HSA is a priority for us this year and we modestly contribute to 401ks, employer ESPP. 

They'll expect electronic payment options.8) Understanding your local landlord-tenant laws, so you don't make a mistake or get taken advantage of by tenant.9) How will you handle maintenance issues?

However, your mother-in-law is a related party to your wife.Given this, it's important to understand how the title is held on your rental condo?

This simple act of understanding can make or break the deal.Patience Pays: Results-driven but people-focused.