.- I am a business student and understand business strategy and accounting.- I work in the multi-family industry and understand current/future needs of scale and sustainability.Please reach out to me or connect with me!

I also didn't quite get that a real estate business's accountant isn't someone you only need to talk to at tax-time.And I say this having then read a book on the tax advantages of owning real estate.

Account Closed but not being knowledgeable will caused me to make the wrong decision. 

You will also have cleaning supplies, legal / accounting fees, and if in your area possibly AC maintenance.

At that price, I'm assuming you have some major rehab to do, but maybe not.Not an accountant, but from my own research if you use the IRA you need to have enough in that IRA to cover all the property expenses.

They don't typically have checking accounts, etc.Is appreciation important to you?

vacancy is an imaginary cost that you estimate upfront to ensure your investment can sustain itself and actually make money. you do not need to put aside any amount of money every month, as long as you have a reserve account with enough to cover your mortgage payment when the time comes. to make life easier, some investors will put this percentage aside every month to fund their reserve account, but it truly can come from your pocket, a line of credit, or any other vehicle you use.

This is one closing cost that CAN be added to your loan and financed, and most FHA buyers do add this to their loan.For typical 30 year terms with loan amounts under $625,000 and 3.5% down, the annual MIP is 0.85%. 

ThanksBuyanI sort of disagree with Account Closed.

Our LLC has a small business bank account: so, just pay them an hourly rate from the bank account?