Initially we set it up as a partnership LLC, but after consulting with our CPA we realize that we could have and should have done it as a single-member LLC so that we don't have to file a 1065.

i would consult with attorney and CPA for your specific scenario . the same thing may effect everyone differently pending their financial position 

Would you recommend we work with a CPA?

Going to meet with a CPA but any input would be appreciated, thank you!

These are all things you will want to discuss with your attorney and CPA.

Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.

I’m looking for a real estate focused CPA in California to help me set up a company as I start my real estate journey!

Any good recommendations for Real estate CPA.

*This post does not create an attorney-client or CPA-client relationship. 

Thank youStatonYour CPA is incorrect.