My wife and i preparing to set up our primary residence to a rental in the next few months due to me going back to school.

There are plenty of lenders and realtors willing to talk, but I feel like I should be preparing myself first in other ways.

If so, what should I prepare for?

Obviously they need to specialize in real estate rentals, holdings, and LLC. 

That $300 "handyman special" plumbing fix is gonna cost you $3,000 later.We see it constantly.

Hi everyone,I’m a professional real estate developer based in Central Florida near Orlando.Background: licensed architect with deep experience in residential subdivisions, underwriting, entitlements, building permits, construction management, and maintaining extensive contacts with national home builders.My specialization is converting raw land into paper or finished home lots for sale to national and regional home builders.

Hi everyone,I’m a professional real estate developerbased in Central Florida near Orlando.Background: licensed architect with deepexperience in residential subdivisions, underwriting, entitlements, buildingpermits, construction management, and maintaining extensive contacts withnational home builders.My specialization is converting raw land intopaper or finished home lots for sale to national and regional home builders.

@Brett RiemensniderI recommend finding an accountant who specializes in real estate taxation and is proactive instead of reactive when providing advice.Working remotely with your accountant will expand your options.

Hi all,Looking for CPA recommendations in the Columbus area for Out of State investors owning long-term rentals and flips for tax preparation. 

"— IRS ATG, Chapter 4"No prescribed qualifications for cost segregation preparers