Rather, it's set by what the CPA believes that their time is worth based on the services that they provide. 

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit. 

At least up here, service is VERY important and VERY complicated, so you and/or your attorney need to make sure that you cover all the bases. 

Hi @Andrew Rellinger,Based on the information you provided, the "make or break" for this rental is not going to be where or not you change out the carpet.

Hey, I’m looking to purchase a home in the DMV area (MD or VA) as a primary residence and intend on renting it out after we leave.BLUF: From what I’m seeing, based on the current rates, home prices, and rent in the area, a long-term rental may not cash flow.

Property tax is a very local issue, and the details of particular problems can vary widely based on the statutes in that state.I'm mostly wondering what issues people have run into , and if they've hired outside help to deal with those issues.

You can "split" the properties and determine the value based on a formula of your choosing.

My primary goal is to find a legal partner who is responsive, reliable, and thorough, ensuring that all parties are kept in the loop and that closing can proceed smoothly without last-minute surprises or delays.I'm reaching out to this knowledgeable community for advice:Have you worked with law firms not based in the state where you were purchasing property, and if so, how was your experience?

If you are a Landlord / Owner - you should WANT a commission based renewal fee. 

I wouldn't necessarily be uncomfortable with that (I would actually be so proud haha) since coops are community-based complexes so their primarily reason for checking the background and financials is to make sure all their neighbors are in a good standing.