As I search the web I find it difficult to get a clear description of the universal documents necessary to Refinance their 5-unit property other than the profit loss, personal statement, and Capital Expenditures.2) Would you recommend using an Accountant to gather financial statements or should I try using QuickBooks (no experience)?

We fell into it kind of accidentally after Emily bought a house to live in while she went to university, and rented out the other rooms to her friends to pay the mortgage.

No wonder the discussion and experiments by many nations are focussing now on the universal basic income to compensate for our failure to solve these issues we noticed decades ago much earlier.

Properties are moved in and out of LLC's on a regular basis with simple title work.My answer above does not address any potential Tax consequences/benefits you may or may not receive via an LLC.Many of our Arizona Property Management/Investor clients use the following CPA with great results.Doug StutzmanCertified Public AccountantChartered Global Management AccountantMauldin CPA's, PLLC2321 E University Dr., Suite 101Mesa, Arizona 85213

Cash is universally accepted and never bounces.

My friend suggested to purchase near Lehigh University but I had to turn it down due to the long distance.

Also, if the property is a short distance from a university that has dorms, you can rent it out to students and charge per room so you can collect higher rent.

I am less than two month away from finishing my Industrial and Systems Engineering  undergrad degree from Ohio State University, and have done several attempts to "make money" on the side.

Incredibly inexpensive ($45 per year plus an optional contribution when you find a tenant but most owners opt out of the optional contribution.)Also, finding a contact within your local university can be very helpful.I have two units that are never vacant but I am very strict with my rental begin and end dates on the unit that can not be a STR.

Very near local University How did you find this deal and how did you negotiate it?