You need to build a team (Legal, Title, Appraiser, Accountant) just like when buying real estate. 

What happens often is they failed to take into account standard market appreciation for the area.  

People call me all the time asking about such companies.

I could probably rent it for $750-$1000 per month over what the standard monthly costs are right now (not including vacancy, maintenance, management company, etc).

How do I find a title company that will know how to handle seller finance or subto?

Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!

The majority of the accounting/book keeping is done by the management team. 

Find an accountant that specializes in real estate taxation and amend your return if it has already been filed.

I've used CPAs in the past, and prefer to do the accounting myself.Thank you!

Sometimes what we do is go to edit (In the accounts section with the HELOC selected) and under visibility hide it from net worth calculations.