You should seek to get good tax advice from a CPA or tax preparer ...I could tell you the QI that I used, but not sure what criteria you're using for selection of a QI.

They generally though use the QuickBooks file to prepare a list of source documents they might want to look at.

Ok, just so I'm completely clear to move forward in starting.To get my first deal including closing on the deal is simple: Learn, network, analyze deals, find a partner, find money for down payment, create a team for rehabbing the property, the closed on the deal and prepare the process of fixing up the property to rent it out?

Then you would need to be prepared to have cash to bring to closing when you refinance.  

Be prepared to send them the release of information statement that you had the tenant sign when they applied.

Andrew Johnson “I use Appfolio out of santa barbara, ca its definitely not free and my property mgmt company passes those costs down to me which I think is around 50-60 bucks a month based on number of units under the service.I am able to see all reports from rent rolls, cash flow statements / trailing 12 month cash flow, tenant ledgers, maintenance requests, dialog between tenants and mgmt staff, resolutions to maintenance requests, move in pictures, move out pictures, or video, and many more features.What I like is that it allows the vendors to be in a dialog/text/chat box so they are prepared (vendor) prior to job assignment with lockbox codes, scope of work and pictures before they even go to the site so we dont waste time figuring things out and run up a huge $$$ bill for lack of efficiency.”

I am certainly not saying to avoid this, but it's common for a tenant to refuse to pay in a situation like this, and you have to be prepared to push forward.

Write it down now so you are prepared when it happens to you.Lesson 1: Never, ever use the security deposit for anything until the tenant has vacated and the lease is terminated.

my renters have been pretty tech savvy as of let so I'm just curios to prepare for the future if any renter prefers a different method than what I am doing today.

With ATS, they vetted and certified me, a long time ago, including an office visit, so I don't need applicant's approval to pull a report, and I get the actual credit reports that come out from the credit bureaus.With ezLandlordforms, they're state specific, they guide you through the preparation of documents, conforming to state requirements.