I'm considering to do this 100% cash-out refinance to pull the equity out of my current properties to make this package purchase of 3 duplexes all side by side set up kind of like a small apartment complex. 

I have a few long term buy and hold units in the KCMO area and I am looking to move into Scottsdale and set up an STR business. 

Set up communications now with the tenants and let them know you plan to give them a notice.

That is out of the picture since that needs to be set up ahead of time.The only other potential way is through a QOF(Deferral).Best of luck in your search for a CPA.

Make sure to set-up your keyword alerts in your settings here on BP so you can be notified of topics/connections you'd like to follow.I'd also recommending joining your local investor groups on Facebook - easier to connect with local players and get boots-on-the-ground type referrals.Best of luck to you!!

Set up keyword alerts here in the forums for the things that you are interested in (like booklist, DFW, Texas, newbie, pick another city or state, pick SFR or STR or Multi-family). 

I do currently have the $40k set up in a HELOC but its just sitting there waiting to be used. 

Most members have keyword alters setup for city and county so they will see your post.

@Aaron Vargas You simply setup a bank account for each property to track the rents and expenses for the property and distribute the excess when you want. 

Second, there is nothing better than doing the books yourself so you can set up systems that work the best and so you have hands-on knowledge about everything that pertains to the business.Here is a short story about wives should not do the books even when they claim that are bookkeepers when that are not.