I do see that there are quite a few variables to the equation that should be taken into account, so again my thanks for making me aware of these.  

We have consulted a tax accountant who says we will have a hefty capital gains tax should we decided to sell.

If you're currently paying $1,000 a month rent, keep paying that amount, even if it's to yourself (the house hack account), and save quicker.

Anyways, we put the account on a "budget" plan so that every month the bill is the same until it is rebalanced around the 3-month mark and then every 12 months.

Apologies in advance for my absolute ignorance with this stuff.1) We plan to purchase all cash in our names then transfer the property into an LLC that we haven't created yet, less for liability and more for tax purposes (our accountant vaguely suggested we should start an LLC that does really anything so that we are able to write off more home office, travel and equipment expenses that we can no longer do since recent tax changes).

Are you prepared to investigate where your tenant works and/or holds bank accounts so you can start a garnishment? 

For financing, am I on the right track with who I've talked to already, or do I need be someone who throws leverage to the wind and simply keep a fat wad of cash for PP+Rehab costs in my bank account until it's time to use and simply skip financing all together?

My grandparents have had a few businesses and business investments in their time which have come and gone and they still say "real estate has always been good to us".I've been listening to the two BP podcasts and watching some videos on the YT channel which is what drove me to making an account and getting on the forums.I plan on getting and reading both of those books in the coming weeks/months.

Should I be accounting the $1082 that my boyfriend will be helping paying as part of the income?

Account Closed Many apartment owners have cell towers on their properties which allows them to collect additional income.