However, understanding all the costs of buying a real estate investment property will help you avoid costly mistakes.Buying a rental property, holiday home, or property to flip can yield short-term and long-term financial gains.

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!

Hi allI recently signed up for Stessa Pro and having difficulty getting the properties and accounts set up right. 

It would be extremely unwise to buy in st louis without personally visiting the property. 

You don't need property management for one property.

Annual property tax on it if you are a resident (and its your primary house) is $960.

Much will depend on the price of the property, for sub $100k I’d expect to pay something extra. 

Can they prove how long it takes to rent a vacant property?

Whether it be driving you around, going to propertys to take pictures, or even following up with owners to close or continue a deal.

Instead using the tax to work in your favor to purchase larger nicer property/properties.