We are really good at review - we typically have internal accounting departments at our clients looking at our work and other big 4 firms looking at our work (sometimes the partners in the deal are big pension funds and institutional investors who all seem to use big 4).

The PM maintains a list of vendors who they vet and must ensure the vendors are compliant with their operating standards such as having a Certificate of Insurance naming the PM as an additional insured, receive invoices from said vendors, pay vendors, checks vendor work (in some cases) and ensure the invoice is appropriately accounted for in the asset/owners account.  

Can’t have too many accountability partners to help us newbies along the way.

Account Closed You're in an awkward situation.

Unless you want to spend the time researching the questions you have I would definitely hire out your accounting and tax work. 

I'm in the process of finding a good accountant in my area, but I was hoping the community could help me with a question while I search. 

I feel comfortable with my payments, and will have enough to put into a reserve account for cap x items when the refi is complete.

My investing partner and I both have our own separate LLCs, but we want to partner on a deal 50/50 and both have visibility to the all profits/costs/expenses in the bank account. 

Complete the SD accounting as required by local law, mail refund check (if owed) and SD accounting to last known address, which is your rental. 

I'm a long time BP lurker but I've finally gotten around to making an account.