General question - Do you take into account of the amount and size of businesses close by to your potential  property rental investment?

She is an agent who has sold a couple rentals to investors and also does accounting for a property management company.

You would get a EIN/Tax ID for the trust and use that to get a bank account opened for the trust to hold the funds and deploy capital as needed.

I know sometimes the seller and buyer kind of splits the closing costs, but Does that 3% account for just my half or all of the closing costs (even seller costs).Because I plan on including multiple offers in my offer letter and one includes that I will pay for all closing costs.. is that already assumed that I should or usually how does it work, splitting the closing costs?

As a general rule, don't ask Accountants legal questions and don't ask your lawyer tax questions.

Hi group- I've been using a good general accountant for my taxes (personal and RE LLC) for the last few years, but she doesn't seem well versed in Real Estate.I own 2 single family homes in Lexington, and am now buying a vacation rental in FL.

See: 1031 boot  Now, I've taken a real estate accounting course in the past which covered this, but it was over 20 years ago.

So you'll want to get an okey dokey from your accountant but your father is probably OK selling two of the duplexes to you and doing a 1031 exchange as long as you hold the properties for a minimum of two years. 

The BP documents are available to anyone with a Pro account.

I am contributing my maximum to 401k with a 6% match and a Health savings account to use for doctors visits.