I'm in Texas, as @Katie Lepore mentioned, and we work nationwide, but the combination of the services you want and the price you have in mind won't work.Texas Franchise tax that Katie mentioned is simply an annual formality, not a tax, as long as your gross income is under $1 mil.Also, even though some TX CPAs do form LLCs, it is also considered illegal ("practicing law without a license") here, just like in CA.

Thank you for the nation-wide insight.

Next time have tenant and seller sign estoppel letter that asks if there is any outstanding maintenance.

The OP’s error in calculating his payment was the fact he was using Interest Only as opposed to a Fully Amortized Loan (including principal).Mortgage loans are Not compound interest, they are simple interest.....outstanding balance at any given time, times the annual interest rate, divided by 12=equals the interest charge for that month.Compounding is when the interest on the balance is added to the balance and interest is charged on the unpaid interest, in between payments.

I am looking for a realtor that has access to the MLS nationwide to help me with my search.

The math: $650k fmv/sales priceless $150k outstanding loan less $250k cap gains exclusion = $250k cost basisIf her cost basis is less than $250k, do the math and figure out if paying the cap gains tax is worth it at this time.  

You do need to ensure that once you have your capital expended, that you cancel any outstanding offers that have not been responded to.

For me  "large capital" would be a minimum of $5 million or more in cash allowing you to have nationwide options versus $1 million in cash limiting you to certain areas of the US (Midwest and South) and certain classifications of Assets to pursue within those areas if you're targeting commercial Multi-family.It seems like you're set on Indiana based on your reference in your post.

There are a few outstanding items I need to complete, and I'm wondering when I should do so:1) Set up LLC to house the property - I've read this needs to be done before closing (?)

I'm looking to go nation-wide and am hoping there are some lovely title companies that would accommodate me.