I'm grateful to have completed another 1031 Exchange.  I look forward to what's next.

Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.

Hi,I’m considering a partnership with my next rental purchase, and this would be my first partnership.Do you form an entity for the property such as an LLC taxed as a partnership before acquiring the property?

It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan. 

Correct, CPA license outside of Accounting/Assurance/Tax/Consulting won't mean much. 

You are making almost everyone more complicated and expensive regarding banking and tax preparation. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Be sure you understand the tax benefits and the errors that are often made that limit those tax benefits or come back to bite.

and with high yield savings accounts finally having decent rates, it just doesn't seem worth it for a new investor. to be clear - it's a perfectly fine strategy, it's just not a beginner strategy.beginner strategies - house hack, live in flip.advanced strategies - private lending, sub to, tax liens, notes. 

You don't need to show income history or tax statements to qualify.