Hi BP,I am currently looking for a real estate accountant.

The numbers you see in the deal deck/initial projections take these fees in to account when estimating investor returns.

If you have equity, your extra cash flow is simply your own equity coming back into your bank account, and not truly new cash flow.

An annual election is not a change in method of accounting.

Always run it by the accountant first to make sure you aren’t leaving anything on the table.

Yes, the fact that they recently had to adopt new rules for investors (investors can get no more than 5% of any single property per account, frex) and that even with these rules in place you have to act fast to get in on new properties tells me that they have a pretty popular model.

I ended up using another account for my wire so I didn't have to use WU. 

If you are going outside of a 2 hour drive, you pretty much can go anywhere else in the country and it will be the same (although your accountant might have some advise in regard to taxes).

Could you please recommend some good, and reliable contractors, knowledgeable Real estate agents, brokers, accountants, and lawyers?

I am in the beginning phases of interviewing my dream team which includes an accountant.