Please if anyone has built out something like this or has software company info would helpTHanks 

The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice.Note: The cost for the Unit of Property includes additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.

As mentioned above, QuickBooks online is the go-to software for expense tracking.

Without some background as to debt levels, income/taxation level, asset type, investing strategy, their why etc it is similar to asking what is the best play in football for sure.   

DFW continues to be a strong market for class B/C MF assets where rents are far more affordable for the continuing growth in population and jobs.

I have several family members and some long time customers who have assets in the 7 to 8 figure range who may come into play down the road for private money.

If the owner finds out you wholesaled it and made a quick profit, and he tried to sue you, you want him coming after your LLC and not your personal assets. 

LLC works well with my real estate software company and my investment company.

Hi Eric, One of your other options might be to find a performing asset in a local - ish market.

I've been slowing moving more assets to cash, to be in a better place for when assets are available at more profitable prices - things like turning off dividend reinvestment, and slowing down my accelerating of debt repayment in favor of holding the cash.