Do you still recommend using a real estate CPA or is their tax professionals that specialize in the more simple investor situations like mine?

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

@Morgan Vien For your Oregon rental property, forming an LLC in Oregon can provide liability protection specific to that property.

And the key to getting the information you need is working with a pro to see what’ll work best for your situation.2.

Hello all,As you guys can see by my status, I am a beginner investor and would like to hear from my experienced investors here on this forum, what would be the best move to make in this situation?

Depending on the situation, a taxpayer could offset some of the passive losses with active income.

Any legal issues I should be aware of in this situation? 

While I get where they’re coming from, there are definitely situations where a buyer asking for an inspection can be totally legitimate.

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.