He is actually a accountant and a lawyer so he benefits on how things work together.

I found a 2 flat for 129,000 great condition - currently occupied - gross rents are 2,300 - only issue is that taxes are $7,800 annually.  

There can be many reasons to obtain a value, such as a book value and internal accounting applications. 

We're projecting around 100-125% to them including annual cash flow and a capital gain at sale in 5 years.  

Example: 6 months X $2000 Rent = $12,000 That is $12,000 you will be negative that the calculator doesn't account for.I do know that the calculator is in BETA and there is a warning about that but I just wanted to let everyone know that the tool should not be used without this consideration.  

I spoke with the VA asset company that handles all properties and even the lady told me that they have only been managing the VA accounts for 4 years and they wouldn't have any record anyway.

Account Closed so I shouldn't transfer the home to an LLC?

We are currently looking for a good buyers agent, an insurance company that can do both the companies insurance as well as builders risk and vacant home insurance and an accountant that not only works with but is a real estate investor. 

My backgrounds are in economics, accounting (CPA candidate), product design, & engineering — I know, quite a lot but I’m a lifelong learner.

.#5 - Basic understanding of Accounting.