@Robby SanchezI recommend finding an accountant who specializes in real estate taxation and tax planning.

Usually the depreciation is enough to shelter your income so that you pay little to no tax, at least on a new long term rental. 

There're many licensed CPAs who are not doing tax work and are not knowledgeable in taxation.

Forming the LLC in the state where the property is located may help avoid double taxation or the need for additional filings.

@Nicholas KaniaI recommend finding an accountant who specializes in real estate taxation, business taxation, and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Nobody knows all the answers, even within our niche of real estate taxation.

I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning. 

An experienced accountant who specializes in real estate taxation may charge more than an inexperienced/new accountant who is eager to get clients. 

I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.