Am I setting myself up for a tax nightmare?

It's going to offer Strong economic growth, Appreciation (especially in DFW), Tax advantages (no state income tax), and a Growing population, including infrastructure and amenities. 

Zoho Books, I am not using this as my partner uses it integrates nicely with CRM for book keeping and I could provide access to our CPA for Taxes. 

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

If anyone on here is good with google docs, I could use some tips. 

From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.  

Payments $492 (interest, tax, insurance) currently owe $51K.

Paging @Garrett Brown our resident STR specialist - what say you about tips for lead photos on listings??

Rents may be high, but where are taxes and insurance.