I created my own Numbers (mac version of Excel) spreadsheet to calculate Cap rates and ROI  since BP's calculators are limited in the number of inquiries you can run without having to pay.

Finding signifigant amount of class A space is probably going to limit yourself to SW where they just built a bunch of new buildings, or in Montgomery County where there is a ton of open office space.

I've sent him a lease violation warning letter, letting him know, to keep it quieter at night and letting him know that the basements are off limits.

They normally want estimated payments throughout the year(April 15, June 15, September 15, December 15).One thing to look out for is that you may be exempt from paying an estimated tax if your prior year liability is $0 or if it is your first year of filing.

Aim to max out the Fannie Mae and Freddie Mac limit.

@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.

The juice usually isn't worth the squeeze in situations like this, and the added professional liability, administrative hassle, and paperwork might not be worth it.And remember - Your broker gets his or her usual cut (based on what your agreement with them says), so it may not be worth your time either.

I understand I’m going to make mistakes I just want to limit them as much as possible and try to limit the impact of those mistakes.

There is no 750K mortgage limit or the 10K for state and property tax limitation on an investment property.

If you are just getting started with limited cash, I would concentrate on learning these alternative methods.