While you should always consult a CPA and/or attorney for their professional advice, here's my 3 cents (I'm sure others will chime in as well):1) Having an LLC may make it "easier" to track but it's not needed in this situation as you can run this through your personal return just as well.

My name is Chelsea and I am new to investing as well!

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Hi Michael, I'd be glad to help answer some questions for you and/or locate a duplex that would work well for your goals.Feel free to connect!

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

And make sure to plan for the additional depreciation as well!

well, there are gurus and wannabes that's for sure, but if everyone did some research they could figure that out and get the right people to guide them.

I will findout more information about all the great questions you posted :) Thank you.No inspections is all well and good, but that’s not the real issue.

It can only be addressed in a one-on-one manner, because if you ask another CPA for a second opinion, it very well can be the opposite from the one you asked first.Here're a few of my personal pointers.1.

The low ones tend to not care about your property as well too.