I have a LLC because I did not want to be subject to the double taxation of a Corp.  

CPAs have had additional training and education in taxation and corporate work and they are required to sign off on financial statements of public companies and non-profit corporations.

Fourth, LLC's don't impact your taxation.  

Nevada & Texas offer the best asset protection and favorable taxation for LLC formation.Since you are partnering on the deal, it is best for you to get your legal ducks in a row, prior to closing on the property. 

Most counties are not going to fight you over the small amount of the HO exemption.And if you are going to be an investor you should educate yourself in Revenue and Taxation codes. 

If you plan to be investing at home, you will need to keep in mind that areas such as financing, taxation and regulation are different here in Canada.  

@Benjamin CowlesAnd issue with lease options from a taxation point of viewLook at these six points to avoid a lease option being re-characterized as a sale1.

The best advice, as @Ali Boone  mentions above is consulting cross border tax and legal specialists who also have a good understanding of US real estate laws and taxation.

John Hyre  realestatetaxlaw.com is not cheap, but he specializes in REI, and in fact speaks on REI taxation and self directed IRAs, and is also a tax attorney. 

I live in California, and I have some properties in FL.  Also looking into other states (mainly GA and SC).  I have not researched it yet, but does anyone have advice on what I can expect tax-wise?  Will California ch...