For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.

 Account Closed!

And I would suggest using an accounting software to make things easier.

You want to make them accountable for the progress!!

Hey @Dutch Marc, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Hey Account Closed - all the options you just listed out are viable options.

To assess safety, look at crime rates online and visit the area if possible. 

Then a company will have to get a business checking account rather than a "personal" checking account; business account fees are higher, and so are the minimum balances to avoid fees.

When you show more income you do in some cases owe more to Uncle Sam, if you are not utilizing the Max deductions correctly.I would ask your CPA and maybe even get a second opinion on if he/she is accounting for all 365 days, taxes, mortgage interest, repairs, depreciation, vacancy, closing costs.There is always a way to 'Zero" out and not owe in most cases.

I have about 150k in my brokerage account I’d like to use wisely.