A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

It was next door to my moms bed and breakfast so we could manage it easily.

Develop a relationship with different types of commercial lenders so that you can expand the types of deals where you can perform.

It's a math problem that you can easily figure out  

Since your place is already furnished you can test this out pretty easily by changing the minimum stay to 30 days.

I think many can be easily overcome like finding an attorney and contractors in the area, but the most interesting challenge I can think of is how to hire someone to deliver late payment notices one day a month.

Seems like you could very easily come out wasting thousands before even having a set plan in place.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

Building a network, finding mentorship, joining local REI groups, and expanding your portfolio through larger investments can help.