If I could offer a suggestion, I would advise against pursuing long-term rentals (LTR) at this point given your cash flow goals and the current market conditions.

Readers are advised to seek professional advice.

From one of our sales, We were also advised that if this property sells to a third party at a sheriff sale, and we cannot provide the department of revenue inheritance tax lien certification, the Allegheny county sheriff will not issue the deed until they receive a copy of the lien certification. 

Hello BP community,
I am a new landlord and I recently rented out one of my properties in Houston to a family of 4. After a month of staying in the unit, the Tenant calls me to tell me that they need to break the lea...

I have a situation that need advises. 

I have another deal schedule to close next week and another the beginning of next month; both using them as my JV partner.My advise is to make sure your numbers are right, know your time line and negotiate good terms in your contracts and you'll be fine.

Typically before the land is purchased, I advise buyers to perform all of the due diligence starting with the zoning and development code to know what is even possible within the confines of the existing zoning with the city/county.

The key takeaway here is to reach out to your tax professional early in the year and provide them with all the necessary tax information to ensure timely and accurate filing.To answer your question, unless you have the proper knowledge or training to handle your taxes, especially since you have a rental property, it would be advisable to seek out another tax professional instead of filing your taxes yourself.

I'm happy to advise. 

Not sure if there is anything else but an attorney can advise other steps to protect yourself.