Hello, I work in property management. I am about to buy my first rental property, a duplex, in a soon-to-be thriving market. I have a friend who is well off and looking into a CPA and attorney before buying rental property. From my experience I don’t see this as completely necessary seeing as I’ve never seen anything become an issue to this extent. What do all of you think? The CPA I can see more beneficial than the latter, but on such a small scale as one property I believe my families’ CPA will suffice. Personally, I believe, at such a small scale, you’ll be losing more than you make with a lawyer. What do you think?
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source https://www.reddit.com/r/RealEstate/comments/eh30eo/cpa_and_lawyer_before_rental_property/
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