Rookie investor - tax and legal advise

[Martin W.]

Hi investors,

I'm a rookie investor out of California who currently owns two out-of-state single family turnkey rental properties in Indiana. I'm hoping to expand my portfolio this year by one or two more properties. Both my properties are registered on my personal name and I have an umbrella insurance.

Since I'm planning to expand my portfolio, I'm looking for some tax and legal advise (for my 2021 taxes and to evaluate if I should move my properties into LLCs). However, when I look on legal/CPA websites, the pricing would wipe out my cashflow/gains.

What should a rookie investor like me do? Wait until I have enough properties for it to make sense, or are there more affordable ways to get legal and tax help? Any recommendation would be more than welcome!

Thanks,
Martin