Read about being a landlord, read about rental property taxation, read as much as you possibly can and you'll be well on your way, my man!

@Simon ObasMake sure you work with an accountant that specializes in real estate taxation. 

I recommend finding an accountant who specializes in real estate taxation over one that is local.

(D-Los Angeles)- Local Government: Surplus Land Act: exemptions.AB 1764 by the Committee on Housing and Community Development – Housing omnibus.SB 4 by Scott Wiener (D-San Francisco) – Planning and zoning: housing development: higher education institutions and religious institutions.SB 34 by Thomas Umberg (D-Santa Ana) – Surplus land disposal: violations: County of Orange.SB 82 by Seyarto (R-Murrieta) – Property taxation: disabled veterans’ exemption: eligibility letters.SB 229 by Thomas Umberg (D-Santa Ana) – Surplus land: disposal of property: violations: public meeting.SB 240 by Rosilicie Ochoa Bogh (R-Yucaipa) – Surplus state real property: affordable housing and housing for formerly incarcerated individuals.SB 267 by Susan Talamantes Eggman (D-Stockton) – Credit history of persons receiving government rent subsidies.SB 341 by Josh Becker (D-Menlo Park) – Housing development.SB 423 by Scott Wiener (D-San Francisco) – Land use: streamlined housing approvals: multifamily housing developments.SB 439 by Nancy Skinner (D-Berkeley) – Special motions to strike: priority housing development projects.SB 482 by Catherine Blakespear (D-Encinitas) – Multifamily Housing Program: supportive housing: capitalized operating reserves.SB 520 by Kelly Seyarto (R-Murrieta) – Property taxation: homeowners’ exemption.SB 593 by Scott Wiener (D-San Francisco) – Redevelopment: successor agency debt: City and County of San Francisco.SB 684 by Anna Caballero (D-Merced) – Land use: streamlined approval processes: development projects of 10 or fewer residential units on urban lots under 5 acres.SB 713 by Steve Padilla (D-San Diego) – Planning and zoning: density bonuses: development standard.SB 734 by Susan Rubio (D-Baldwin Park) – Property tax: possessory interests.SB 747 by Anna Caballero (D-Merced) – Land use: surplus land.SB 789 by Ben Allen (D-Santa Monica) : Elections: Senate Constitutional Amendment 2 of the 2021–22 Regular Session and Assembly Constitutional Amendment 5 of the 2023–24 Regular Session.

The Foreign Earned Income Exclusion influences tax bracket, even though it provides an exemption from taxation. 

This money can be accessed early and withdrawn penalty free for education expenses for college assuming the account has been open for at least 5 yrs, or 10k for the purchase of a home, (may still need to pay tax at time of withdrawl). 

And rarely mentioned by those selling these properties .is you have dual taxation in that market.. 

Sidenote: If the way you were compensated at the old software firm was through stock and you had to realize capital gains, there's a chance you could invest in an opportunity zone in your area to avoid the taxation.

With the exponentially growing national debt and inevitable taxation to follow I have started seriously looking into international commercial and multi family for the first time.  

@Arshad HussainWe do not have the full information, but I suspect that your CPA was correct but did not explain it well to you.You were probably trying to eat the cake and have it, too - which is not possible in taxation.