We have engaged an amazing bookkeeping company that has numerous real estate clients.

What I wrote above does not create an attorney/client relationship between us.

I think if I was banking on client representation as my #1 source of income i would flame out in about 5 minutes. 

The LLC is a pass-through or entity, so it is ultimately recognized as part of my single tax return.After all factual and legitimate accounting, the tax exposure can be significantly minimized with proper planning, documentation, and execution.Again, I’m not a tax professional and I don’t play one on TV.

@Paul Caputo and @Yonah WeissWhat is the typical % of your clients that get audited from your experience because of cost segregation?

The problem though being in the field you are in, is that you will never be able to "take on" a certain # of clients AND keep your job.

I have another at the firm now and he had no idea what that could possibly be: the accountant that had told me this a few years ago was in his office meeting a client, so we couldn't ask.

Cash-on-cash seems to be what most people I’ve been talking to and clients I’ve been working with are using as a standard.

I am a broker and have a client who listed his paid off investment property with me.

I've had clients who have purchased residential multis there, and had great success.