If the income is considerable, you are required by law to submit quarterly payments to the IRS.

SMART Goals are essential, and you need to review them at least quarterly.

Many CPAs have only a basic understanding of capital gains tax and with the pending taxation changes, this is why I recommend investing in a very good CPA. 

@Chiquanna BannerYou mention having 'expenses' for 2020.You want to speak with an accountant to understand the proper classification of those expenses for tax purposes.They may be deemed 'start up expenses' or expenses that are normally capitalized.Regarding finding a CPA - I would suggest the following steps1) Reach out to your network of professionals for a recommendation - Ask real estate investors, your agent on recommendations2) Attend a real estate networking event and reach out to see who others are using3) Reach out on biggerpockets asking who people are using for their accountant.The reason I would pick option 1 /option 2 over option 3 is that you are more likely to work with a CPA who understands both real estate taxation and Illinois state taxation.

In truth, our economy grew by only 7.4% in the third quarter.

I recommend finding an accountant who specializes in real estate taxation over one that is local.

TAMU puts out Texas triangle analysis every quarter with important metrics which will be good for you to look at as well.

We get ours quarterly, so if tenants are short based on the monthly average we charge, we settle them up.

Estimated tax at $1300/year).House #2 ARV is estimated to be $130,000.

ATTOM Data Solutions released its fourth-quarter 2020 “Zombie Vacant Property Report” (a current snapshot of the market in the fourth quarter) showing that 1,556,592 residential properties in the United States, representing 1.6 percent of all homes, are vacant.