@Vincent S.There are two credentials that most sophisticated tax professionals have.CPA(Certified Public Accountant) & EA(Enrolled Agent).CPA designation is the more prestigious of the two.There is no designation to indicate that he/she is a professional is 'real estate tax'.I would have a casual conversation with the purchases that you made and how the rental is performing. 

This method can work, but it can upset the agent and the seller if you can't perform. 

So cash outs are not a path to tax free profit.But a cash out on a strong performer that doesnt' hurt it's performance is a very strong move. 

It has made getting at the information I need to do income taxes, provide lenders when getting loans, and evaluating performance of each property SOOOOO much easier!

UPDATE: So, a moment ago she follows up with a task rabbit screenshot - the total says $305.88 dated in November - but I cant tell the service performed. 

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

I have the option of making the repairs prior to the purchase of the home (within the family) or I can purchase the property, perform the repairs and be rented out.

This includes communicating with guests, coordinating with cleaners and performing any maintenance tasks we have not yet hired out (restocking supplies, minor repairs, etc.).

 A friend of mine has purchased a 1st lien position performing note from https://sierracrestcapital.com.

Cap rate has nothing to do with investment performance.