When I talked to my accountant, she discussed putting my portfolio under an LLC umbrella so I can take full advantage of the tax breaks and depreciation.

I purchased the property with a 20 year commercial loans because the down payment funds were not seasoned in an account. 

I have been browsing the forums for a while now but just got around to making an account, although my partner has posted a couple of times. 

.- I am a business student and understand business strategy and accounting.- I work in the multi-family industry and understand current/future needs of scale and sustainability.Please reach out to me or connect with me!

He came to me because he knows I've been studying and positioning myself for the past year or so to get into REI.

I also didn't quite get that a real estate business's accountant isn't someone you only need to talk to at tax-time.And I say this having then read a book on the tax advantages of owning real estate.

What should I be studying and learning about as it relates to real estate investing over the next 12 months as I prepare to purchase a property?

Account Closed but not being knowledgeable will caused me to make the wrong decision. 

You will also have cleaning supplies, legal / accounting fees, and if in your area possibly AC maintenance.

At that price, I'm assuming you have some major rehab to do, but maybe not.Not an accountant, but from my own research if you use the IRA you need to have enough in that IRA to cover all the property expenses.