Hi I just went in to contract on my first fix & flip in Scranton Pennsylvania, and I am looking for straragies how to avoid paying big taxes for the capital gains, (beside of deducting of the expances).I heard that if I am buying a property through an LLC and then I am selling the LLC not only the house that could help, but I am not sure how to do it or it's really working, could someone with  experience help?  

If you will be doing future deals with your co-worker you might consider forming an LLC or partnership.

It can be tricky to find loan programs that will lend on properties below $100k, but I do think I have a program that can lend below $100k, and if you had a 50-50 LLC, you would be good to move forward at 80% LTV. 

I plan to own it in an LLC. 

You could also form a new LLC with you both being members.  

After residing in FL for two months, we are excited to be under contract.Now, we are seeking advice on the next steps:Should we engage a CPA or lawyer for setting up our LLC?

We have an LLC that would get pierced by any lawyer that is worth their pay, but may discourage some lazy lawyers. 

Hello,My short term rental prop is titled under a Nevada LLC that I am now the managing member of.  

Would it be a good idea to transfer these rentals to an LLC in order to qualify?

Looks like a company they hire to register their LLC.