Still, considering how difficult it is to find a good real estate focused accountant, limiting your search to local providers usually gives you too few options.Expand your search to include remote CPAs.

You set the time limit for this clause, whether you want to be their source of funding for just the one project, for a year, for two years or forever. 

For example North Carolina is $40,000 or less, Texas there is no limit, and so on.

It’s also helpful to know that a T-12 is essentially an income statement or P&L, which gives me a clearer sense of how to approach it.Your feedback on Yardi is interesting too—it’s good to hear that while it has its limitations, with some effort, you’ve been able to tailor the reports to suit your needs.

Third: even if your new toy qualifies for a huge depreciation deduction, your allowable deduction may be limited, and may even be zero.

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

Note that water penetration is not limited to flooding from rising water levels on the ground in a weather event.

And, they limit the type of people. 

The 1% rule does not consider the condition of the property and is very limited. 

Had Norada limited itself to what was in the PPM, they might be OK, legally.