John,Yes, it is best to find someone who is familiar with real estate taxation, multi-state taxation along with understanding the state tax laws that you invest in.The good thing about investing in Tennessee is that they don't have an individual income tax.Therefore, you don't need a professional to understand Tennessee individual state taxation laws...since there are noneBest of luck to you in your search.

I need to continue to use my CA address on my W2 for taxation purposes. 

So, if you collect $100 in rent for the year, you pay tax at your ordinary rate and I think also self-employment tax.

Originally posted by @Bill Hampton:Anthony,  Since you are looking for an accountant who specializes in real estate taxation, I recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Yes I have heard of the possible double taxation if a Canadian has a LLC opposed to an entity such as an LP.

Additionally, if someone is out of state or the property is held by an LLC, an escrow holdback towards taxes owed is held (and some people don’t like that because they want all their money, even if they do owe it to the irs/ state dept of taxation).

Different period of time different results, no surprise there.And thirdly, other factors such as taxation and inflation are throw into their equation.And fourthly, there conclusion focus is taxable products versus non-taxable products not a comparison of real estate to stocks.Different time period, different focus, different factors = different conclusion.

Jeff Beard Quit Claim Deed, not Quick.The preferred transfer instrument in California is a Trust Transfer Deed which deeds to trustee who accepts real property into trust without representation as to condition of title as well as reference to revenue and taxation exemption the transfer to Reaasessment.

A 401k would not be subject to UDFI taxation if you were using leverage, while an IRA would, so there would be a difference in that scenario, but not your's as stated.

There are many ways to utilize RE to reduce taxation.