All the properties are moving into their own LLCs with a holding LLC to manage/operate/grow the portfolio.

Quote from @Sean Bozigian: Hi everyone,I’m looking for recommendations for a CPA.My current one is moving into a new role, so I’ll be handed off this coming tax season.

As the first project, I would suggest a small single-family or multifamily property that requires small to medium renovation, and hold it as a rental or flip it on the market.

You cannot charge pet fees, pet deposits, or pet rent for them.On the other hand you may be exempt from accepting ESAs if you have four or few units and rent the units yourself. 

Once you factor in the rental income, both of my recent house-hack clients ended up paying less than market rentto live in an asset they own, not someone else’s.This strategy is powerful because:You drastically reduce your living expensesYou build equity from day oneYou gain hands-on landlord experienceYou’re using long-term, low-cost financing you can’t get on investment propertiesYou create a path to repeat the strategy every 12 months if you wantAnd no — your market doesn’t have to be a “top investing market” for this to work.

There are great resources and people to help in your journey, Staten Island is great for both flips + buy & hold especially Multi Family.  

I believe you can count on one hand the number of homes on the southern oregon coast that have sold for 4 mil or more.. its an ULTRA thin market at those price points.

Quote from @Jaycee Greene:  Holding costs without rehab hold costs.. 10.9%..

You’re not obligated to become part of a housing subsidy program, especially one that requires handing over sensitive info through third parties.5.

I’m curious how other buy-and-hold investors are handling CapEx on older duplexes and triplexes (1970s–1990s builds).Here in the Triad, a lot of these smaller multis still have:• old electrical panels• original plumbing• worn roofs• older HVAC systems• aging windowsWhen I underwrite, I’ve been using 10–12% CapEx depending on age and condition, but I’ve seen some investors say they go as high as 15% on heavy value-add.For those of you with long-term holds:What CapEx percentage has worked best for you in similar markets?