Certain organizations such as the AICPA and the State board that issues the CPA license mention what a CPA can / can't do to retain his / her license.Providing a comfort letter is an 'attest service'.Furthermore, CPA firms are encouraged to have insurance, which may mention that the firm can not provide comfort letters.What the mortgage company is looking to do is potentially have another person to go after if the mortgage goes south.It is not worth it to a CPA to get a few hundred dollars but potentially get a lot more in risk exposure.

I recommend that, instead, investors view appreciation as icing on the cake, a bonus that will assist in the investment but is not the basis of that investment.

Hey Ravi, I’m in Tobyhanna Township too and have exposure w/ similar septic issues for STR permitting.

Investing in multiple markets can mitigate risk and provide exposure to different economic cycles.

But for real estate exposure, one should stick with old fashion methods (e.g., house-hacking, buying small MF etc.)

Additionally, you can do a cost segregation of the property and take bonus depreciation creating additional tax savings.Beyond short term rentals, I think buying a triplex or property every two years as a primary residence and then renting out the unit you lived in and repeating this every two years is one of the best ways to accumulate a portfolio of properties with little down with property tax savings while you live in the property.Then, it will be surprising how quickly the equity builds up as other people pay for your asset that you then can pull equity out and buy a larger apartment building after you have learned about property management from owning the smaller rental properties.To Your Success!

For example, if this $1,000 was spent on appliances, you can deduct it as maintenance which hurts your lending profile, or you can deduct it via bonus depreciation that does not affect lending.

Smith, who says he’d been investing in stocks and startups for years but didn’t know much about real estate, says Scoutpads was offering referral bonuses to users who brought new investors to the fund.

They typically keep the entire amount.In our experience, many PMCs do NOT put rentals on their local MLS and so only charge 50% of one-month of rent - but they do NOT tell the owner this.2 years ago, when rentals (and sales) were happening in less than a week, this strategy may have worked, but with rental Days On Market increasing nationwide by 38% since 2022, it's becoming more important to list rentals on the MLS to increase exposure via getting agents involved.How's a PMC, only charging an owner a Placement Fee of 50% of a month's rent or less, going to compensate an agent that brings them an acceptable tenant AND cover the PMC's marketing costs?

As a seller, I can understand incentivizing buyer agents to show my property by offering some level of compensation to maximize market exposure, especially when many other listings don't offer compensation.As a buyer, the new system would seem to be for the benefit of sophisticated buyers who don't necessarily care about the down sides of dual representation and are able to protect themselves.As a buyer's agent, generic exclusive representation agreements at buyer's cost are likely a very hard sell.