@Aaron Mazzrillo interesting feedback, what happened exactly that didn't work out when you went from California profits to Taxas?

this is curious thought process... how does the city get the properties.. is there a city ad valorum tax as well as a county one ? 

I would then lend the money out to fix and flippers at 15 to 20% APR   IE HML  and make the 15% on the 1 mil  that's 150 a year... then make the delta between the 7% bank rate and 15% low side  for 8% spread on 5 million which is 400k a year... there by grossing before tax  a tidy 650K a year...

Realistically, to give you the assurance you want, you will at some point have to let another professional tax a look.   

That will likely trigger a transfer tax as @Steve Babiak mentioned.

From tax perspective, I would like to employ as aggressive tax as I can,according to the tax books I read,it seems that I should deduct any expenses which contribute to invest,but if I really do that,is it means that I am actively involved in the business?

Alaska has no personal income tax as well.

Now I am in the process of searching for a CPA/tax preparer to help me minimize the impact of the depreciation tax as well as prepare my company's annual tax work.

if its owner occ and she has lived there 2 of last 5 years there would be NO tax.installment sale she pays tax as she receives her income.

Rental income is considered passive income; however, it is subject to the same rate as your wages; however, it is not subject to Social Security and Medicare.Investment income is not subject to Medicare tax as long as you do not exceed certian MAGI thresholds ($200K single; $250K married):https://www.fidelity.com/viewpoints/personal-finance/new-medicare-taxes