My objective is to build a relationship with an accountant who can point my wife and I in the right directions in order to lessen our tax burden as much as possible. 

Real purchase price - $3500Rehab - $4000Lot Rent - $164 per month Mortgage - paid cash Insurance - $350/year  or $30/monthProperty Tax - 653$ per year  or 55$/monthRent - 575$/month  - never been late never missed payment I manage my properties at the moment so I am putting all rent money aside for repairs and re-investing 326$ Left for the account every month After this property went smoothly. 

I suspect that other factors come into play when making a decision about this investment and I have plans to take them into account as I continue my analysis.Okay, on to the main topic of discussion.

How about the cost to maintain an LLC if you have one, accounting costs, or bank service charges? 

I agree with Account Closed above.

Hi there, I was walking around looking for distressed properties using the info I learned from these forums and identified a target.Then I went online to the property appraisers and found the property - BINGO!

You create systems so you don't have much time needed to manage (even remotely) and you save the PM fee.My tenants pay via Zelle or they deposit into my account at my bank.

For that matter, I have yet to see anything on the MLS (I haven't found a good source of off-market opportunities yet) with a cash ROI above a 10-year treasury bond (once all costs are taken into account).I'm already heavily invested in other non-RE assets (stocks, bonds, etc.) so for me to go in on a property that needs rehab, management, etc., it better be worth the extra hassle.

They get sold a dream on a spreadsheet and then life happens and its not what was accounted for in the spreadsheet.Then there's those of us who make a solid effort to understand and visit the areas we invest.

Have any of you considered or do any of you put that money into a CD equal to the length of the lease so you can gain a significantly greater amount of interest on that money you will hold onto for the foreseeable future rather than letting it sit in a low yield savings account.