As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

You can likely do a higher ltv if DSCR works, but, it will be at an expensive rate.

**CO and Inspections**: Since there’s no CO or inspection requested right after the sale, the township may not become aware of the new ownership until the buyer initiates action, such as applying for a CO after repairs.In summary, while the deed recording updates ownership at the county level, the township may only update its records when triggered by actions like CO applications, tax data updates, or buyer-initiated notifications.

@Alex Ng,It’s still possible to find a property for under $100,000 in Birmingham in 2023, but like @Matt Wallington said, you’re probably going to be edging into C neighborhood territory if you want a rent-ready property.

Oddly enough the property manager used Buildium as well. 

All that means is they put you on an automated drip like every other agent, nothing special there.

Feel free to ask questions, share your experiences, and connect with like-minded investors.Good luck!

Confirm with a tax professional if you'd like.

- How well did you discuss the PMC's screening critieria before hiring them?

Hi all, I would like to start the conversation and hear about other's experiences investing in Real Estate through their IRA.