but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

My question is do I have to recapture all the depreciation for tax in 2025?

I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide. 

Hi Steve, where did you get your property tax estimate from?

What paperwork should I keep a paper trail of to make things like taxes and other situations better/easier for myself?

The contributions are lower so it takes a while to build, but once you do, it's tax-free investing. 

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

Yes, do the tax exchange if you can.  

Any advice on what setup is easiest and most tax advantaged?

According to our understanding:1) California does not recognize REP status, but we could claim it on our federal taxes, is this correct ?