If you go in with realistic expectations and a well-thought-out plan, house hacking can be an incredible tool for building financial freedom.Have you tried house hacking?

That's a non tear down resale as well.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

2) does an out-of-state CPA know well of the state taxes?

(This includes character attacks as well.) 

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

I was going over his financial information and saw that the guy was making over $50,000 a month and asked him what he did.

well you dont say how much you have in it.. but if you can sell now and lose 10k and get out of a HML that would be my suggestion.HML  if they go into default interest and you could look at losing quite a bit especially if your HML is one of those that are not forgiving and wont give an inch on what they are owed.

Those skills will serve you well in BRRRRs and flips.

One thing to think about is when doing heloc on primary if you want to refinance you need to get their signoff as well as your primary loan which could cause complications.