You will have to pay higher property tax and utilities and maintenance will go up a bit but the extra unit is well worth it because you'r essentially upgrading for free.You need to take into consideration the closing costs of selling your house, buying the 3 fam, and mortgage for the new house.

The tenant would pay all utility bills as well as maintain the yard.The house is in good condition and has no immediate issues, all the the appliances are roughly 6 years old. 

Our local power utility subsidizes the panels and installation and some people can sell power back to the utility during the day time.

Rent is in section 8 housing and rent comes in on the 1st every month  Rent: 700$House has passed all government paperwork to be section 8 compliant. yearly insurance is 345$would need to use property management company to manage the property. utilities are paid for by the tenant.Does this add up? 

, as your instincts to seek a second opinion were spot on.Many CPAs serve countless industries and can result in them being too overwhelmed/busy to know the nuances of RE.But congratulations on getting through your first flip!

Also, my father is well established within the commercial HVAC industry in Kentuckiana.

I'm also looking for guidance in this industry and becoming an overall better investor.If you would like to connect with me, please do.Thanks,Pascal

I'm assuming the following should all be in the name of the LLC and not me as an individual: -contract with property manager-insurance policy on house-any utilities I continue to pay for (so, for instance, checks to the gardeners / pool guy should come from the LLC) Anything else I might be forgetting?

This is derived from a model developed by the credit industry and would include homeowners who are just over-stretched with high mortgage and not enough income.

This got me thinking, if you could get the owner to finance 100% (or even 95%) of the purchase price at a rate and terms that would safely cash flow after all expenses (maintenance, vacancy, utilities, management, etc.).....would you overpay for a park?