While you search for CPAs, I think a general principle is the more you learn the easier it will be to interface with your CPA and you will make a better choice on who you go with.

Once you lock that in, everything else (furnishing, pricing, even platform choice) becomes easier.👉 Curious — what’s the biggest challenge you faced when setting up your first MTR?

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

For larger repairs, especially anything above $500–$1,000, it’s smart to require owner approval.

Personal choice right ?

What’s in it for you is building a clear picture of how money really moves in real estate so you can make smart choices instead of guesses.

I would go with the $2,400 1/4" between those choices.

If you’re talking about doing this as a business, you’ll need a far larger commitment to marketing.   

Traditional syndications and SPVs (Special Purpose Vehicles) both have their advantages, but the right choice depends on the deal structure, investor preferences, and project goals.1.

And why do you want to control their personal choice so they must carry this with them on the property; is there some kind of danger in the neighborhood such as wild puma's or something, or bears (This is a serious question)?