Only a few months and the turned is just going to be some basic cleaning, or has he been in there for quite a while and you're going to have to do a full turn and that may take you how ever long turns take you (lost rental income)?

To do this, you need to make sure that your multifamily can cash flow to pay its primary mortgage and the LOC (a piece that many people fail to account for).

It is the industry standard at least in NYC.I am only looking at it at as Accountant perspective.

Income is $600,000 per year and husband and wife both work full-time non real estate jobs.Is it true that the tax benefits are greater, or realized more quickly, on purchases like furniture or televisions to itemize a rental property, when they are made AFTER the date the property is put in service?

Is this a perpetual income play?

If there are any repairs completed my PM sends me the receipts from the vendor when they forward me my monthly account statement.

My plan is to save up my annual income by mid-Fall so I can quit my job. 

Income!

I plan on house hacking and was wondering if I should open a new bank account solely for the rental property transactions.

Due to a life changing situation I need to pull in around 3k more a month in passive income.