For preparing yourself to purchase property, a few general principles are always good, but technically not make or break1.

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I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

And just like you I'm also preparing really hard for next year: saving, learning.

Hello BP Investors,As a rookie I am seeking advice on what I should do or how to prepare to buy my first rental property.

I realized that I cant judge the behavior of a person even if they passed all the screening test, rental agreements and stuff. 

You may want to consider working with a CPA in the future to save you the hassle of doing the return and to also provide you advice/suggestions.You may also want to see if the accountant can review the return you prepared to determine if it was done accurately.

Essentially, how much should you prepare to bring to the table of your own money?

Be prepared for it to be a solid 30% more expensive than a standard tenant occupied landlord policy.

He also called the city and we have a notice to change carpet and a mold test to be done for bathroom.