Now that home prices have stabilized, every month you hold a NPL it becomes less valuable because homes are not appreciating and time costs money, as well as additional incurred expenses like servicing, FPI, legal etc.

I can sort out the financing and willing to pay a commission or have some kind of agreement to pay this developer mentor for his semi-active guidance on my first (and if all goes well) subsequent projects. 

But most investors roll into a Debt Service Coverage Ratio, DSCR, loan.

Hey @Kevin Sierra, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

This is a Public Service announcement. :-) Not to worry, the public will move to where they can afford to live and that will affect prices up & down the scale. 

@Tom Puiia if you're only engaged for tax prep service with your current CPA, that may be why your expectations are not aligned with the service you're receiving.

I am getting more into active investing now and would like to know if getting a CFP is helpful.

If the in-place rents generate don't generate enough cashflow to cover your debt service, you'll want to plan to bring additional equity to the deal to cover the shortfalls.

Their service costs a little money, but you have access to plenty of different templates to choose from.Hope this helps! 

Alot of real estate investors invest in syndications for example that create large passive losses, but these cannot be used to offset active income.