Apt 2 rented at 1300/mth (2 bd)I would call the rentals B-/C because they are in a giant metal shop and low grade materials.So gross income of 76K annually.Expenses:Insurance is currently $14652 annually but that seems way too low when SFH go for that muchTaxes are currently 2800/yr, but I expect those to nearly double if I pay his asking price (so let's say 5k/year.

Anyhow, ill stop babbling but this seems like a class action to me and for anyone and everyone denied licenses, those with current license and anyone who’s lost income from this.

Purchase price: $250,000 Cash invested: $250,000 Build out income stream with fix and flip upon tenant exit

This property cash flows before the ADU.Now im about to graduate college I make more than enough to live on due to having another profitable business with a partner though I have some major personal life changes coming  that will take a lot of my income but I will still be able to save an amount I am happy withIn this position where should I go?

But to manage for others I decided to subscribe to Propertyware which has accounting built into it as well so my QuickBooks is redundant however I keep QuickBooks as the backbone of my accounting and Propertyware as the tool that reflects accounting to my tenants and property owners.

I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp

To take advantage of the deprecation against your regular w2 income. 

I typically rely on external sources for experts in finance, accounting, and other areas which I simply am no expert in and am happy to rely on someone else.  

Economies of scale helps a lot lol  You can even look at ways to generate an affiliate income from tenants which doesn’t affect your landlords in anyway and offers value to tenants.

However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.