If it’s having father do less work or have more free time he should just hire a PM.

Putting $5,000 down might allow you to take the full depreciation deduction, while only paying a fraction of the cost upfront, which helps balance cash flow and tax savings.Of course, owning equipment also comes with costs like maintenance and insurance.

I've networked with a lot of great accountants (including those who have replied here) and can tell you that your experience is not representative of the over 70 accountants on Bigger Pockets who mostly want to work alongside you to add value to you.Thanks for calling this out and helping keep your fellow investors informed!

I worked late hours getting projects completed so I never installed cameras.

I asked my pm to make sure it was working etc, don't need another one!  

Quote from @James Harryton: Hey, I recently bought my first rental property in Polk County it doesn’t cash flow enough for me to have a property manager so I would have to manage this myself for the time being, however in about 6 months I would want to get a HELOC on the property and use that as a down payment on maybe a multi family and then rinse and repeat, I was wondering if this sounds reasonable or would I have to do something else, and also because the market value of homes are so expensive around me, the 1% rule for rents don’t really work for me thank you so much 

I have done this in the past for guys that got nailed in the states they were working in  Mississipi for one. 

Just pay me for my work...

I’d love to hear what works for you, especially for those of you who are doing quick turnaround analysis.Looking forward to your insights – thanks you so much in advance for the help!

Since I work for Grocapitus, I just want to add that this useful string has convinced us to working on adding exit dates to our track record, and also add in the late 2023 and early 2024 exits that we have been a bit lazy about adding.