We do that exact same thing, and use TurboTax, too, I think it's a great product for rental properties and really simplifies things.

I am not an expert, and of course consult someone that specializes in this. ( my don't sue me disclosure, LOL)I see the word "Black Mold" overused so often in this business.

If we spread ourselves to thin, our quality of production suffers.

I'm looking for a CPA in the southeastern Wisconsin area  who actually claims to specialize in real estate. 

I made friends with all of my tenants when first starting out and it usually involved "favors" and "special requests" or leniency on late fees, ect.  

If you are wanting to BRRR, then you can use your heloc to purchase and rehab a property or a combination of that and hard money to find a duplex.I work with a bank that will Cash out refinance once a tenant is placed and will lend based off of the asset and income production, not based of my debt to income ratio.

Offer accepted on my first deal (triplex) and inspection pending (WA State).During my initial walk-through, I met a couple who seemed to be more than knowledgeable about the property, possessed keys to storage areas (possibly other units too), had special parking spaces, and stated that they take care of the things around the place including the large yard in exchange for lower rent.

Does the city require any special hearing that may delay your approval process?

Couple of key points that really separate the 203k from other products include: - ability to finance up to 6 months of mortgage payments while the renovation is being completed if the whole is listed as uninhabitable by the HUD consultant. 

You want to get in at a good price and develop a great product through your rehab.