Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning 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.

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.  

Do you have any other tips on "the live" in flip potential in LA? 

Any tips are welcome.

Nothing has changed for now.2024 update: We recommend eFiling for everyone, however starting this year eFiling is mandatory if you file more than 10 forms.2023 update: The IRS (finally!)

I intend to rent out the units by room to college students (does it sound like this would work in this area and what are some general tips/things I should look out for?).

I wouldn’t personally recommend it, as office vacancy rates are currently quite high.

Quote from @Sunil Ghosal: Would not recommend the East TN region to anyone right now.

I have not, but as a licensed broker I would recommend listing on MLS which will post it to Zillow, Realtor.com etc. 

Does anyone have any suggestions or recommendations?