This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Property taxes are 650, insurance 160, outsourced property management takes 10% of the rent, and another 10% of the rent is set aside each month for future repairs. 3750 x 0.8 = 3000. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.

Quote from @Pankaj Malik: So I had a session with my lawyer.

Quote from @Alba Cheung: i need some referrer for eviction lawyer in Fulton county. 

You can always use a software like Turbo-Tax and follow the prompts.

With the extension for tax filing to July 15th and the disruption that both of our accounting firms in each fund have experienced from the virus, everything has been delayed for tax filings and issuance of K1s to our investors.Most of our third-party team members are working from home including accountants, lawyers and our servicing staff.

Of course to maximize your tax benefit it needs to be sustainable over time. 

Are there wholesalers in your market you can ask if you don't want to talk to a lawyer for some reason?