The site can also help you understand why or why not to put a property in your name, and much is personal choice as well as financial/taxation based.Tell us more about what you hope to buy, so we can give more specific advice.

Income from a trade or business activity such as flipping will be subject to UBIT taxation, which can get to be as high as 39%.

Tax advice (S-Corp vs Partnership taxation) is nationwide.

Because an Enrolled Agents know tax backwards and forwards.CPAs are not required to take any CE in taxation.

The employer match is really a 100% return already, so doesn't that sort of offset the double taxation issue enough to be worth it?

Chamnging your accounting method is a very serious thing as far as taxation is concerned.

@Jonathan AllenA Solo 401k is a great tool for new contributions and tax savings.So long as your LLC is producing earned income (not passive investment earnings), then you can establish and contribute to a Solo 401k.It sounds like your LLC is a pass-through for taxation, which is fine.  

.#4...you can sell it and pay the tax at closing if you can do it quick enough.

@Ran Fridman It sounds to me like you are in the investigative "discovery" stage of checking out defaulted taxes bargains.Given the myriad laws and methods of taxation and their remedies, you'd do well to focus on one state at a time. 

The second LLC should choose taxation as a partnership.