@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

We also require initial payments to be made in good funds for rent and security deposit, which helps to solve a lot of the asset verification.

If you decide to sell and 1031 the into another property, you will delay the tax payment.

The plan was built around that payment so the maximum could go to cash value. 

However, typically, property taxes are based on the assessed value of the property and the applicable tax rate.In your example, it seems you're referring to the timing of payments rather than the calculation of the tax itself.

Obviously we could help him with a down payment and cosign if needed.What would you buy?

Given the market conditions the two biggest reasons I see sub2 deals happening is if the seller has no equity in the home and is behind on payments.

I have signed a lease and transferred payment of 1st month's rent and security deposit to the landlord.

The owner/borrower just did not want the property anymore and was like - just take over the payments - so I did.

Should I break that into 12 month payments and add to his existing monthly payment?