If you don't want to hurt your old accountant's "feelings," I would just tell him that after discussing the situation with your partner, you both felt it would be better to have a separate CPAs for the rentals than the main CPA that you both use. 

Last week in my newsletter I discussed why an investor or wholesaler should be best friends with a note investor.

We ran into many of the same issues you are discussing though:2.

You have equity in your primary residence, so refinancing could be an option to obtain the additional funds needed.

Kyle, that has definitely been a point of discussion in our household and is not off of the table.

There are companies that will assist you in creating an LLC and obtaining "business credit" to fund your real estate deals (down payment/rehab).

I will call to discuss.

No one cares about your money like you do. 3)  Discuss expectations with your JV partner. 

Originally posted by @Adam Garza:I'm assuming not much other than the fact that I may have a buyer lined up and could close quickly.You can’t really say you’ll “close quick” if your end buyer needs to obtain bank financing.  

Not sure where abouts in CA you would be investing, but many Californians turn to the Midwest being that CA real estate is un obtainable at this point.