We are closing on our first rental next week and have been looking for a CPA to help with the tax filing.  

I am wondering how best to truly know that one’s developers will produce what I expect, windows are usually a given😃 not all that happy with this extra thousand dollar excursion but I have definitely learned much.

It is very difficult to produce off market deals that are truly good deals or purchased on either great terms or great price.

Hey Travis, I am posting the link to the Ordinance. https://detroitmi.gov/sites/detroitmi.localhost/files/2019-0...It says that this ordinance was passed in 2019, however, @Drew Sygit says that it is still just a proposal.

Our mortgage was significantly higher than our flood insurance, and I don't know if we qualify to try to apply for FEMA or if there is other assistance, and if so, if we would apply as a business (we file it on our personal taxes as rental income).

A home inspection produced 50 issues that needed attention.

I'm about ready to file a complaint on them with the FDIC.Moral of the story, it's a nifty application but I would be careful about how much money you keep in that account. 

Normally there is some sort of onboarding or start up costs however usually PMs charge based on how much revenue they received hence if no revenue is produced due to the property being vacant, no funds are collected.

When asked what they did, they advised they filed it away.

Is it by filing 1065 and generating K1's or is there more to it?