Certain organizations such as the AICPA and the State board that issues the CPA license mention what a CPA can / can't do to retain his / her license.Providing a comfort letter is an 'attest service'.Furthermore, CPA firms are encouraged to have insurance, which may mention that the firm can not provide comfort letters.What the mortgage company is looking to do is potentially have another person to go after if the mortgage goes south.It is not worth it to a CPA to get a few hundred dollars but potentially get a lot more in risk exposure.

Personally I would hustle and save money.

As I quit claim deed each property from my personal name to the specific LLC, I also want to ensure the insurance on each property follows suit.

Some of my larger homes are experiencing more guests than we can sleep.  I know this is an ongoing issue. I have tried asking guests to invite every adult staying into the Airbnb booking.  We send a message prior to c...

If credit unions will not work with LLC's, how do you get around the DTI requirements with your personal finances on multiple properties?

Some people don't like having others around but I've found I really don't mind it if I choose the right person.  

My cabin has been consistently booking for the weekends since we launched a couple months ago with the average person booking 2 days in advance.

@Adele Tegger the way I understand the law, it would not impact a mid term rental unless the person lives in the unit for longer that 12 months (ie they extend their stay to the point that they have occupied the property for more than 12 months).

If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.

Who(specific person or position) would you recommend I add to a team to acquire Commercial Real Estate Properties that are in the Phoenix Metro Market?