The tax rules are really complex and always changing in investment real-estate and an accountant who owns some himself will naturally know the rules better and more intuitively know if you might have missed a deduction or expense.  

About Bigger Pockets: I am quite impressed with the humble nature of this website and the people on it, with the podcasts, with the blogs, the forums, everything.

They will furnish the house - I did offer to lease furniture for them naturally at a higher cost as I've looked into this before on another property and have had quotes done.Any quick input/responses appreciated.

Of course, that's statistics, and naturally it doesn't apply in every case.

I want to create business cards, and things of that nature but my issue is a website.

About a week later the loan officer came back and said the flood insurance may not be adequate so they can't grant the loan.

Hard to follow all the details here and check your numbers, so my only comments on the plan is you're (A) exchanging your equity for present cash flow and (B) benefitted from an abnormal and historical rise in values on your SD portfolio.Both of these are highly dependent on market dynamics in both locations and how they go in the coming months and years (more so than a plan that is single market or simpler in nature).Other thought is you're trying to get really large cash flows, which have high tax implications you don't have with the condos.

So this is naturally attractive to those who need to raise money.  

Rental cash flow is adequate to cover all expenses, maintenance, cap ex, vacancy, and management (though I will likely manage myself), but not much else - this would primarily be an equity play.I'm low on cash due to my 8 acquisitions over the last 24 months.

Rental cash flow is adequate to cover all expenses, maintenance, cap ex, vacancy, and management (though I will likely manage myself), but not much else - this would primarily be an equity play.I'm low on cash due to my 8 acquisitions over the last 24 months.