2) does an out-of-state CPA know well of the state taxes?

I've done a lot of value add as well so that helped speed up the process.

@Jaycee Greene I see, I would still love to stay connected as well given I plan on executing the BRRRR strategy on the MF units  I plan to acquire this year. 

This works really well especially for BRRRR's because you can cash out refi.  

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat!

This investment should have done very well based on these facts, but the biggest drag on performance was the yearly high "unexpected" property tax expense ($300-500k drag on NI per year).

Happy to assist you and your wife in any way that I can with your funding needs as well as advice/input on your projects. 

Well done Vince!

While you should always consult a CPA and/or attorney for their professional advice, here's my 3 cents (I'm sure others will chime in as well):1) Having an LLC may make it "easier" to track but it's not needed in this situation as you can run this through your personal return just as well.

They specialize in multifamily as well!