Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.

Additionally, some states hold Escrow and Title services differently. 

Start by defining your goals—cash flow, appreciation, long-term holds?

•Adjusting bookkeeping records to align with Generally Accepted Accounting Principles (GAAP)•Analyzing financial performance and advising on business decisions•Preparing and filing tax returns (if properly trained)Credentials:•Typically hold a degree in accounting or finance•Some may have certifications like Certified Management Accountant (CMA) or Enrolled Agent (EA)Caveats:While accountants can generate financial reports and file tax returns, they cannot represent clients before the IRS.

Quote from @Donald Hatter: Investment Info:Single-family residence buy & hold investment.

Buyers don’t care if you shelled out more on the rehab, if you’re priced too high, you’ll end up sitting on the market way longer than you want, driving up holding costs.Lastly if your buying on market, REO or Corporate sellers are dominating and not as willing to negotiate as owners would.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Shorter term deals though, they will hold 2 to 3 years, sometimes less.

He holds no real estate broker license. 

Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.