As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

I'm looking to reduce the sound between two levels of a townhome, as I rent them separately, but they were built with standard drywall on the ceiling.

If some funds are available, is the standard 25% down 30 yr fixed loan optimal or would you recommend different financing?

@Brett Jurgens No one (certainly not I) is bashing your concept here.

It's an interesting concept!

Is one a growing concept and the other is retracting?

A standard Landlord/Apartment policy will not allow the building to be owner occupied, especially if the title is no your personal name.

In order to harness as much of the effects that add to your net worth you want to buy as many assets as you can, and as much quality as you can afford.It is very tempting to go into cheap neighborhoods, but especially with the old housing stock we have in the Midwest capex will exceed cash flow over time and you are not building equity.Consider your first deal a proof of concept.

But before I give you my play-by-play, let me first overview what this concept includes for anyone new to property management or owning rental properties. 

Of course, there are always multiple ways to overcome any challenge, but this is how we have done it so far...My partner and I currently own and operate transitional living houses in a Midwest city, and it is definitely a different business than owning or managing standard rentals.