You taxation choices as a sole member LLC, which is what you are as husband-and-wife, are sole proprietorship, S-Corp, and C-Corp.

The mechanism for avoiding double taxation in these circumstances is usually a tax credit for taxes paid to another state.

As such, this new tax amounts to triple taxation on short term rentals. 

LLCs are also a state convention that is recognized by the fed for purposes of taxation. 

If you're interested in learning about taxation, there're some books instead.

There are changes to your reporting format if you are a multi member LLC, but still no changes in what you can deduct or your overall taxation rates or structures.  

You have to have faith in the government that they won't change the rules on taxation down the line.

*Looking for advice and to have this question answered- If I kept everything under the C-Corp would I pay the Capital Gains tax and then pay an income tax personally (double taxation) Or will I not need to pay the C-Corp Tax as long as I pay myself the wage asap?

Also (and this is more important than location) make sure that the accountant is well versed in real estate taxation.

. - For your subjects, a good real estate attorney with knowledge of taxation.