However, it may not provide significant tax benefits if you don't get REPS status.

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If they did a 1031 exchange they will retaining a tax deferred status.

They may assign the activity 'dealer' status and tax it at a higher rate.

It seems the accountant was highlighting that a CPA (Certified Public Accountant) can represent you before the IRS, while someone without a CPA license or Enrolled Agent (EA) status cannot.

Title insurance does not represent the status of title to real property, and an insured cannot rely on the title policy to represent the title.

If that property is till under the LLC you will need to purchase under the LLC.If you have taken ownership of the sale proceeds your next homework assignment is to look into Qualified Opportunity Zones and Qualified Opportunity Funds (QOZ, QOF), note the same accredited investor status still applies. 

A good place to start your search if you're not sure what area of the country you want to invest in• BiggerPockets Deal Finder (on market)- once you have an area or two in mind this is like using zillow on steroids because it has investor specific filters and does some of the analysis for you for example you can filter by rental yield and it will also show you homes that analysis shows are underpriced for their market• BiggerPockets Deal Finder (off market) - Maybe not best for your first deal based on your description of your current status and goals but helpful if in the future you want something that you can force appreciation, most of these homes are in foreclosure • BiggerPockets Calculators - as a BP free member you get up to 5 uses of the calculators free every year, as a pro member you get unlimited uses of all the calculators, and you can save each analysis you run so you don't have to come back and redo it every time.

This a program designed to help new buyers.Before buying a property, always check its lead paint status.

The people in that cell can have signature authority, that is granted in the operating agreement of the master.Your tax status has nothing to do with an operating account.