I ended up on bigger pockets when searching for an online community of like minded individuals whose passion is real estate investing (so glad I found this site). 

It is hard to find books or other online material that is updated enough to rely on.Regards,Erik

One good practice is that if you know you are going to pay someone more than $600, or you get to that point during the year, make sure to get a W9 filled out by them before paying them.

Hi, all. I closed on my rental property in January 2018, but I incurred expenses to buy it at the end of 2017. Normally, it's pretty straight forward on Turbo Tax, when the expenses to purchase a rental and the income...

Just thought I would toss out a couple best practices we have picked up from managing thousands of homes; 1)  There is always a dollar amount that makes a pet ok. 

Do online payment and stop telling them where you live if you don't like them dropping off mail.

Looking at properties online (MLS, Auction Sites, etc), physically looking at properties in consideration, putting in offers, going to closings, meeting contractors, checking progress on projects, going to RE meets, going to RE seminars, driving time to these events and locations?

Use it and write down everything you need to consider, so that you can analyze deals after that by yourself with some practice.

@Sajan JivaCPA license is a state designation.From a tax perspective - a CPA who lives in NY is not breaking any laws or codes for filing a tax return or providing tax strategies to those who live outside of New York.from an audit perspective - A CPA may be limited in signing assurance/audit related documents to the state that he practices in.You should be eligible to write off the items you mentioned.

Hello,I am planning on purchasing my first out of state turnkey in the near future and utilize a property management firm and realized that I have quite a few questions regarding best practices.