I am a licensed agent in NY and working on getting licensed in PA.I'm interested in purchasing a rental property with 1 or 2 units, to rent out.Pete

I recently bought a property am living in it and after a year plan on classifying it as a rental. During that transition phase once i get rental income what should i begin to account for or change or tell my CPA to ma...

I would imagine the team you bring on will depend on the focus of what the fund(s) will be purchasing. 

Purchase price: $290,000 Cash invested: $45,000 Short Term Rental (Airbnb) What made you interested in investing in this type of deal?

-I gave them a 3yr option to buy at anytime-purchase price increases 1.5% every 6 months-They put $10k down (non-refundable) that will go towards their purchase-They pay $1850 in rent. 

Currently working on analyzing properties, with a goal of minimizing human emotion  and solely looking at the numbers to purchase positive cash flowing properties.  

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

I’m also a bit skeptical of an all-in purchase/rehab at ~$115K grossing $2400/mo in rents.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

I purchased those properties by saving the downpayment.