Starting out with flipping can feel overwhelming, but a good first step is to educate yourself on the basics!

Currently trying to get into wholesaling and have the basics down.

Originally I was working directly with a CPA who understood the grey area, unfortunately she is MIA now I deal with lower level people who have access to my bank accounts and they are doing basic data entry and not well.

I’ve had basic court searches turn up things that never showed in a report.These days I keep it simple.

New leases: Basic Plan - 50% one-month of rent.Property put on our website, Zillow family and Go Section8Premium Plan - 10% one-month of rent.Property put on all of the above, total of 37 websites (some manual entry) and MLSRenewals: $200 flat fee

Their CPA can help them with a basic cost seg on that.But for larger complexes, yes, it definitely makes sense to pay a cost seg engineering firm for their services as it can result in significant tax savings.

I do question what your management agreement actually covers, because from your post it sounds like you both are doing basic PM tasks, even duplicating efforts to some extent.

And that's just an LLC and not a legal construct.Here is what I personally do (after a landlord for over 15 years and also beeing on the board of a landlord association, where we are basically the go-to for everything bad that happens to landlords) I personally only have a few very normal LLC's that are in my State - and frankly are required for commercial lending.

If most interested in house hacking I would learn how to evaluate those deals good and learn basic property management.

It helps validate the value for the basic appraisals relied upon for the BRRRR refinance but usually comes back to hurt the investor on the exit.