Unlike dealing with a PM who runs numerous different properties and may not be able to give them specific answer.

I was not implying one should use cap rates to price the property for numerous reasons.

Private money is just that folks that are personally known to you.one thing that is happening that I have noticed in the industry.. because there is a perception that private money is CHEAPER money than Hard money..

But it remains important because perception, however irrational it may be, is reality in the market.I have had my best sales in the month of December. 

Rental properties is the first step to financial freedom, as it offers the perfect opportunity to earn passive income, while enjoying the numerous benefits that it offers via tax shelters.

In order to do this, we had to gather numerous quotes from a contractor (all at the request of the lender).

An inspection has saved us numerous times.

There have been numerous studies done that all confirm ignoring troll behavior does NOT make it go away.

Its all in your perception as an investor and your goals

I am not an accountant, but I think that is true for any self-employed person and is based in part on whether the previous year was profitable and in part on whether the current year will be profitable, not whether it is an LLC or not.With that said, I pay a CPA to do my taxes because I don't have a clue how to due to multiple businesses, numerous properties, and different LLC's with different ownership.