If so, I can understand where you're coming from.As far as fortune goes, I'm just a simple accounting (CPA) and finance (CFA) nerd who thinks about a fortune in terms of financial wealth (that is, assets, equity, revenue, and profits).

Hey @Brandon Patrick, Im sorry to hear you keep cycling through accountants.

An accountant doing the same strategies as you in real estate is ideal.

The accountant that I have now made a mistake that could have cost me my investments. 

I wholesale the vast majority of my deals and market direct to motivated sellers using direct mail, and online advertising, which enables me to find highly discounted properties.Funding: A private lender loaned me $57,000 in private money at 12% and 2 discount points secured by a 1st mortgage.

Beware of those $40 prices you see online.  

Hi Account Closed - Did you ever get connected with a good plumber?

There is also a MeetUp that Account Closed hosts semi regularly in Downers Grove that might be beneficial as well. 

My understanding of a self-directed retirement account, though, will make it so that the income from the rental will have to go back into the account and we cannot use it as passive income for our normal personal expenses.  

Then your going to have closing costs, and $3500 in upfront pmi on an fha loan, and they will want to see you have 3-4000 in reserves in an account somewhere so your not maxing yourself out then most insurance companies will want the first year in advance so there's another 1000$.