How to calculate tax implications when investing in real estate?

[Ivett Soti]

Hi,

My husband and I are trying to purchase rental real estate properties. We are just learning about it, but our plan is to buy a few of these properties (ranges between $80k - $150k) in the next couple of years and establish a stable passive income. I think we made pretty good progress on how to value properties, what to look for in which market etc but taxes are a black box and I don't even know where to start. I thought I ask a few questions here to help me get started:

1. Would you suggest to find a good RE tax advisor in these early stages to help us structure the purchases or should we reach out to one when we actually have a rental income? Is it actually worth it to have a RE tax professional to

2. We are in a high tax bracket. Would an LLC help on saving taxes?

3. How much can we expect to save in tax deductions? Is there an easy way to calculate it?

4. Do you have any recommendation for a great RE tax professional, who can work with properties in different states?

Thanks in advance!