A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

I once made the mistake of chasing multiple listings at once, which turned into a disaster.When I shifted my focus to serving one client at a time with honesty, integrity, and accountability, referrals started coming in without any marketing.

I understand that I need to account for taxes, insurance, and other costs—Should I go with a LML and then do a refi later on?  

@Caryn FischerI agree with Jaron, you should definitely have a consultation with your tax accountant and/or financial planner before you do anything. 

Comps do not lie, if she pulled similar ones then that's what it is but if the agent did not take into account the bedroom and lot size that would change the value.

Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!

You have he ability to connect multiple accounts if you would like to setup different properties like this.

A great deal of accountants work with out of state clients.

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).