To name a few:Base your underwriting on how you will operate the asset, not based on how it is currently operated or based on the broker's pro formaCreate a budget for each year you plan on owning the property + sales assumptionsHave an upfront operating account fund in addition to ongoing reservesBased the market rents on your own rent comp analysis, not the broker's rent comps15% contingency on top of interior and exterior rehab budgetConservative annual income growth assumption (no higher than 3%)

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My annual CF for 1st year is $3,  $2.5k/yr after that. 

@Priyanka K.When investigating new markets I look for things like population growth (upward over the last 10 years)Job growth 1% or greaterUnemployment =< national averageper cap income 20KHousehold income 3 times annual rentnumber of households (in comparison to other markets) Favorable government policies (is the local government looking to attract business) those numbers will give me a sense of the macro market.

Have you talked to other accountants?

The payment is auto-debited out each month from my personal account.

The payment is auto-debited out each month from my personal account.

@John West  Yes, any loan you take out is going to report the full amount owed on your credit, even if it's a joint account. 

. , and Account Closed for your input.

A QOZ Fund simply needs to fill out paperwork and include it with their annual federal tax filing.