So when you go you will be better prepared.You may also get to see some attorneys and if you decide to hire one, you will see which ones actually go to court, which ones are prepared and worth their money, etc.   

Taxes wise I have opened up a high yield savings account and putting money into it in case I do end up owing taxes next year, but what do I need to be saving as far as forms, I don't have the tenants on a lease yet since this is my primary on the mortgage, but I am giving them receipts when they pay rent every month and keeping those saved.

But I’ll be clearing some more money by fall.

This part is like magic – watch your money come back to you!

However, it will likely lower future cash flow so it is a time-value of money play (and perhaps income tax bracket matching... ie, big deduction during a one-off big income year).Two properties... one with cost seg and one with out will have the same depreciation taken at the end of its life (27.5 or 39.0 years).Also keep in mind that STR usually requires 39.0 years of depreciation for the primary building asset.

This is going to save you time and money. 

An example of this would be mixing your personal money and LLC money in the same bank account.3.

What is a hard money loan?

The loan was at 4% so the cash flow was solid, the only issue is we have more money stuck in it than we would like.

When that happens, I am typically dying for someone else to qualify and put up the money to beat them out.A few years back, I got a good deal on a near new construction house.