Hey Thomas - I'd highly recommend speaking with your CPA and an Investment Sales broker about your options when it comes buying an STNL deal to utilize depreciation.

Real Estate CPA? 

Personally, based on the demand for CPA services in my area with any level of specialty, $750 is fairly low. 

Your seller should work with a competent CPA to thoroughly think through any potential sale with a carryback note. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

My CPA said it is legal. 

What kind of CPA?

We do have our CPA that does all our taxes for us, and we simply forward the management reports to our CPA. 

Our current focus is to build reserves, streamline our accounts, and generate more cash flow to buy the next property.Once we get our books in order, we'll work with our CPA to get tax estimates for 2024.

The accumulated passive allowed losses is something that we will look into - unfortunately I don't have much faith in the CPA they've been working with but hopefully this will can be determined relatively easily.