If this is a rental property $1,700 per month profit sounds a bit high are you sure you have accounted for all expenses? 

At that point, they give you credit for 75% of the rents to account for vacancy and capex.

The property will no doubt cash flow but with my current SFM becoming my first rental, I was wondering if there is anybody out there that knows of a good RE accountant locally.

IFDEFENDANT IS NOT OUR BORROWER, PLEASE ADVISE OUR COMPANY SO PROPERAFFIDAVITS MAY BE OBTAINED.Item (f)(7) SATISFACTION AND RELEASE OF:(1) JUDGMENT, RECORDED 01/09/2012 CASE NO. 2012-xxx, PLAINTIFF:MIDLAND FUNDING LLC ASIIT A CHASE ACCOUNT, DEFENDANT: Minie Mouse,IN THE AMOUNT OF $7325.(2) JUDGMENT, RECORDED 07/24/2014, CASE NO. xxx-2013, PLAINTIFF:CREDIT ACCEPTANCE CORPORATION, DEFENDANT: minnie mouse, IN THE AMOUNTOF $8098.62.THE AMOUNT QUOTED, UNLESS OTHERWISE INDICATED, IS WITHOUT PENALTIES ANDINTEREST.

Account ClosedCome on in, join the fun.Terryhttps://www.reviewjournal.com/business/business-co...

I already have software that does my accounting, leases etc.

You also need to take into account how your approach will impact the tenant and what response you are likely to receive.It would be helpful to know what city and state the rental is in, as landlord-tenant law varies per jurisdiction, so what works in our area may not work in your area.So, at the start of tenancy the tenant's parents paid the first month rent and security deposit.

I am now an accountant for a state agency, and I am just tired of working for others and having nothing to show for it.

On the actual lease, I would increase the rent about $750/month for the first year to account for the $9k payment and the second year it would go back to the same rate as right now. 

Five days into her stay we get automated notifications from VRBO that the payment had been reversed and they took the money out of our account.