Our thought is to buy the property cash and then get a loan from a bank to put our initial investment back in our account.

If so, the additional accounting cost per LLC can be very, very low provided that you are doing the basic bookkeeping yourself and passing off to a CPA at tax time.

Be sure to tell your accountant that you now need to file non-resident income tax returns in each state where you own property as well.

We are growing Property Management Company out of Spokane, WA that is Looking for the Best Marketing Ideas to gain bigger Multifamily Accounts. (40+ units).

heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after all expenses are paid and taking into account vacancy, small repairs, capex etc'). current plan is buy a property every once a while (at least every 2 years, could be less once mortgages will be an option for me, non us citizen starting to invest here. talking about properties in the range of 60-80k). letting the money sit in the account until i buy my next property does not seem optimal to me, but on the other hand investing it in the stock market or something like that does not sound good either because i will need that money in a short period. perhaps i'm overthinking it but i'm trying to see i'm leaving any money on the floor so to speak :)what do people around here do? 

Hi BP Family! I am a real estate investor in the Philly market. Could someone point me in the direction of a good CPA for next tax season?

Many don’t have bank accounts.

We help produce a business plan for a potential business and then made a recommendation on whether or not they should go ahead based on that plan.Other areas you can look to for help are potential Professionals you will need (Accountants, Lawyers, Insurance Agents, Suppliers, etc.) 

I would also recommend you setup an Airbnb account as well (if you don't already) to make sure you are maximizing your exposure.  

Once the note is paid down, this house will be our savings account to be tapped with HELOC to access equity as needed.