The question is, how to set this up prior to closing and whether we should get a CPA.

Landon - I'm in investor/agent/cpa in DFW and work.

Since you have time, I'd highly recommend using the time to study up (and not just for the CPA exam).

[This decade] Irreversible damage to the viability of retail REI, the impact of driverless cars/not needing to own a car, civil unrest, progressive politics and other circumstances that would lead people to challenge restrictive zoning laws.6. [2030s] Modular/Manufactured home building becoming more attractive, affordable and quick to build in municipalities with very relaxed development restrictions.5 years ago, I recognized that my profession (CPA) was on the chopping block as a result of technology, automation and commodification.  

Fyi, to write off the interest on a Heloc you must purchase directly with Heloc funds. ie you can not purchase something with a Credit Card, reimburse yourself with the Heloc and then write off the Heloc interest according to my CPA.

And hey since I have you here, I'm trying to build my "team" would you happen to know or be able to refer me a local quality CPA and attorney that has dealt with rental property investments...

If this is the case there isn't any benefit to passing money through the LLC,and although having a separate bank account for your rentals is generally a good idea for organization and make it easier on your CPA at tax time. 

I think a CPA experienced in this topic would be helpful for you as well. 

Talk to a CPA the advantages are staggering.  

Hi BP investors and CPA professional, I have a question re. this topic.