@Joshua D.I dont see things like SFR or multi or commercial...I see numbers...and if they numbers work I will buy a school bus and rehab it and rent it out...whatever makes money...just like I dont see different property classes...A, B, C, D, E, F, G...means nothing to me...I see a "unit"..an "asset"...taking off the blinders has improved my income 20x...you will be amazed how well things work when you dont drink the Kool-aid everyone feeds you...

Will you still keep each property listed individually on your schedule E?

I won;t let anyone steer e

For you it might be another story, because like you said you ha e a partnership.

@German E Franco thanks will do.

@Joshua E.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $65,000

Cash invested: $6,670

Owner house hacking, so only one unit rented currently. Capital repairs made, ...

Pair that with Woodbury Commons potentially expanding and Resorts World Catskills casino 30 minutes away it is a good place to invest.

It also could be more if the CPA is doing some almost bookkeeping work like putting together your schedule E analyzing your rental expense and categorizing them versus you already having them summarized; deciphering what new improvements to capitalize versus expense and whatnot all takes time. 

@Forrest ShealyThe truth of it is, most of these A/E firms hire warm bodies, and the young engineers don't really know how to add value 'during construction'.