Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

However, it is always advisable to consult with a tax professional or accountant to ensure that you meet all the necessary requirements for the exemption. 

Work the angles, although generous, make similar to 3rd party. 

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Would your opinion change if all the RE was handled by professional PM company? 

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

In CRE, the financing is executed by private party with only 5 years baloon payment, the private part of the financier alsouses the money from investor, so yo could literally, invest from both side (this has nothing to do with your original question).- So in reality, the residential equity ownership is always better because you owned the asset directly and your counterparty is goverment, this is not the same with CRE.- Also because of the structure of LP/GP ownership, this is always true: the return/risk is always favour the GP side, even if investment is collapsed they still make money from the split,acquisition fee, waterfall etc,etc.

Since I am a busy professional, I currently focus on turnkey or properties with minimal upfront repair costs/time.