: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.

impressive, I am sure it will translate to a successful real estate investing career.There are many accountants who provide much value to the biggerpockets community by answering questions and providing articles to tax updates that impact real estate investors.I am not aware of any of the frequent posters who are local to New Jersey.Are you open to working remotely with an accountant? 

I'm looking into this for a new development and need to figure out how to wire for the submeter and how to charge the tenants. 

Here’s a tip, offer travel insurance, charge accordingly, and pay out your owners upon each cancellation.

If the landlord calls you asking for your service charge them and not the tenant.  

They will also charge you to have an inspection by a 3rd party to make sure the work is done.

Just a fellow investor looking to connect with other BRRRR investors FREE of charge...the only investment is time!

A Key feature of the LLC is charging order protection.

. $3300 is a lot of money so you want to make sure what you plan to charge is accurate for RI.

Since AL and the other review sites are a marketing expense, you should expect that most of the companies advertising there charge rates that take that expense into account.