OK I am a retired engineer but my slide rule has been packed away.I would very much like to find an experienced REI CPA who can use Turbo Tax(TT) as well as their professional software.    

That means it's more expensive and requires more downpayment, but you get the flexibility to buy as much as you can justify in your balance sheet and application.

Some of these things I've mentioned may not be applicable or advisable but a good attorney should be able to advise you. 

On other MACRS property you would use a mid quarter or half year convention as applicable.

Stick with the same lender and after 3 or 4 deals they will see that you can repeat success and then you can usually get through the application very quickly, sometimes just make a call. 

In the Rochester rental housing market, I was wondering if you could tell an applicant a house isn't available for student rental.

I was constantly bombarded with people left and right trying to rent my last two places, and honestly after sifting through less than 10 applicants I've been able to place two families with zero issues (knock on wood) so far.Using the City Auditor tool it seems the owner has many more properties throughout and is liquidating everything. 

Do you have any other applicants? 

thanks Matt,As you probably see, I am new to real estate biz, I spent 12 years running product team in the software company which built POS solutions for retail sector.So RE is my next venture, and from what I see so far the name of the game today and for years to come is choosing right technology and marketing tools.So it's tough with out experience in RE to define all systems and processes, I am beginning to understand the theory and systems on the high level, but I am sure once I actually spend sometime working it will be much easier.I feel like the best thing to do at this point is to focus on basics like CRM and print, emai, text, social marketing campaign automation, once those things are in place and work smoothly, will be able to proceed to stage 2,To be frank, I am looking to learn this business and then comeback into software sector in RE segment, lot of good tools out there but as usual - lots of gapsI will be happy to keep intouch and colobirate on these topics

Hello all,My mother-in-law has two houses (one SFH, one two-family) that she owns and I'm about to take over the day to day managing of them, and I wanted to get people's advice and input regarding software for bookkeeping purposes.Through my accountant, I can get a discounted rate on Quickbooks Online Pro for $20 a month, and that's locked in for life.It looks like QBO is not geared specifically towards landlords and rental properties, but is more generic for any kind of small business, although I do see plenty of people giving it good reviews.Of course every product claims to be the best, but I'm curious to get other people's opinion on both QBO and any other software out there that they use.Thanks.