@Justin R.Your CPA is being moderately conservative, and your QI is being extremely conservative.Nothing is wrong with either approach - as long as you knowingly choose the relative safety of a conservative approach over the financial benefits of a more aggressive approach. 

This nice thing about working with an agent is that you get to choose absolutely any agent you want.  

Which brokerage you choose depends greatly on your goals for having your license.

Hello, I also purchase the Landlord Forms for Michigan and although the lease agreement references the Lead Based Paint disclosures, there was no LDP disclosure included in the package. 

There is some water damage from a built in air conditioner and the inside of the house needs to be painted,  carpets pulled,  wallpaper removed in the kitchen and a bedroom,  hardwood floors refinished,  and possibly the dated kitchen updated with new cabinets, appliances and counters.  

I plan on painting it getting rid of all the cosmetic deficiencies and reconnecting all of the utilities. the city should be reconnecting the gas next week as it was cut off at the street when the house was foreclosed. 

Remember, credit is tight so banks will fund properties backed by investors who have track record...and there will be alot of deals they can pick and choose from.finally, MF investing is all about cash flow.

Also if you choose to fight this charge, your documents will be your friend. 

Hello,Is it more costly to finish and paint drywall vs hanging and paneling with a designer panel?

You can choose the "carrier routes", which are a partial zip code, based on the renter/homeowner % reported in the last census.