My question - my CPA used to account for depreciation until last year as 27.5 years (residential property) but starting this year and going forward, he says it should be considered as commercial property depreciation rules (like 39 years) . 

Since this is my first property purchase ever, I wonder how escrow accounts, etc for property taxes would work.  

In addition to his hours suggestion, we'd add that they have to be involved in X transactions also.

I concede that this will be difficult to execute in Charleston (affording a house with STR potential as a FTHB straight out of college), so you may have to take a stair-step approach.In the meantime, get involved with the local REI community.

Eventually I will invest in cash flowing properties out of state.I'm looking for tips and advice on being a land lord such as maintenance, rent collection, taxes/accounting, legal, and things you wish you would/wouldn't have done starting out.

In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

Depending on how much work is involved.

@Zeke Nickie So far the only two times I’ve crashed and burned in real estate has been when I’ve been involved with a partner so just be super careful if this is the path you choose to pursue.

This lease does not change the length of your lease term (month-to-month); it simply updates relevant matters now that I will be assisting you with your housing needs.Beginning with rent for the month of September, please pay your rent by depositing the entire amount into the following bank account at (your) Bank: account # 123456; routing # 123456.

@Destry Dylan Thomas Sholder I’ve discovered it’s just better to let tenants leave than risk them destroying the unit or not paying for months or getting involved in a lengthy eviction.