I am also looking to refinance the properties in order to acquire more. 

@David Lehane..I think there needs to be a nailing down on what type of multifamily properties you're considering acquiring.  

Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else.  

Currently I am working with an agent and looking to acquire my first property with intentions to rent the home out, however before I purchase I would like to get more insight on the rules, regulations and responsibilities of being a landlord.

Costs incurred before you are in business (in this case before you acquire your first rental) are start-up costs and needs to treated as such.

I've never had a negative cash flow month, never had a bad tenant (including with several more units I've acquired since), and never had a major problem with the property.

Rachan Malhotra - if you want cheap Fannie/Freddie financing, you'll need to acquire any properties in your name.

Something you may want to consider is how you will acquire your funding.

The same time spent on just digging in and acquiring without it.

Focusing on prayer and me acquiring my first property are what makes those rough days bearable.Linda Weygant Linda Weygant