Hey BP Community,I’m curious about how much other real estate investors are paying for their tax preparation services and accounting.

You can never be too prepared - have reserves and back up plans for everything.

I'd rather have investors be prepared for the worse case (long hold period), just in case we have to hold for that long to achieve returns. 

I'm prepared to pull the investment trigger when my money is in line with that, but learning along the way while I get that side in order.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

Preparing to break ground on a new park this week.

We're in no rush but want to do proper preparation.  

No bank will touch this.Once you find a private lender who I will assume will charge you north of 7% rate, You will need a business lawyer to prepare all paperwork to structure this to make sure that everyone interest is protected.

Otherwise you should be prepared to pay a professional for things you cannot legally or logically do on your own. 

Be prepared to provide alternative proof of income if you don’t yet have the required tax returns.