We also pull tax information and public records data to help estimate things on the expense side.I personally have 25 listings and recommend that folk do as you say and learn the nuances and intimacies for specific properties in specific markets.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

., tax savings) might be more important than immediate cash flow.

Rental Income Powerhouse: Can the property bring in enough rent to cover your costs and leave you with a healthy profit?

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

The CPA actually does not do our income tax.

Get ready for the property taxes to jump after you make the purchase. 

You didn't mention what your PITI is and what kind of income your ADU brings in but I'm guess you're close to living for free.

Clarification question....some are saying gross management fees, others just gross income.

As a Tax Baby I finally figured out after 50 years how to offset my tax burden through real estate!