What I dislike about the three CPAs I have used in the past is that they charge by the form (my taxes involve a lot of forms!)

What he said about investing for cash flow and not capital gains really resonated for me.

It's really hard for me to evaluate its price.

This particular property doesn't work for me as I am not looking to do a heavy rehab no matter the price.

So, they make the math a bit more complicated for me.  

Have you already downloaded the Beginner's Guide, it would be a good book to start here.

The first thing to look at for me would be the cost of money.

I'm thinking worst case scenario, I don't rent it out to anyone, my holding costs go down to around $1200-$1300 if I don't save for any repairs/cap ex and utilties much lower, and then each tenant I put in would just make it much cheaper for me to live for free! 

If you don't have a lot to loose, in way of $$$ and assets, than just keep it simple and form a LLC in your state where your doing operations.

If you need deals or have questions send me a message, I started buying in kc because CA was too high of a price for me to hold anything.