Texas Real Estate Income Tax

[Jessica Martin]

My husband and I are closing our first 2 wholesale deals soon. I'm wondering what to do about gov taxes on the income we receive. Do we hire a CPA? Or is it still simple enough that most people can still handle themselves? 

Should I just stick back a certain % of each deal for taxes? Maybe do some investing with it during the year to make more money on what I will give to the gov later? 

What do you do?

Since we started marketing in January, we have kept receipts of expenses. Anything else we should be doing to help ourselves out come tax time next year? 

Anyone have any recommendations as far as tax professionals in the North or East parts of Houston? Maybe someone I can go speak with that can really sit down with me and go over things? 

Thank you all in advance!