Hey Cesar, I noted everything that you are looking for and would like to assist you on your property search.

If you do a rental property search for the whole city of Miami you will not find one 2/1 bathroom “house” (not apartment/condo/townhome) for rent under 1300.

I invest out of state and can maybe help you in your search for cash flow out of state.

I recommend you search the 70% rule and read those explanations.

Each time with a small selection of roommates.

You also did not say what your type selection is, makes it kind of difficult to answer what you should do and if you have saved any money for a down payment. 

I deal with the financing/screening/material selection, and he deals with regular maintenance, and anything related to the rehabs.   

already searching and analyzing the Harris county. 

A flip is a business, so it is subject to ordinary income tax.The IRS does not care if you buy a house, improve it and resell it or you buy bread, mustard and lunch meat and make sandwiches - to them it is the exact same business model.You can search the vast number of writings I've done on this subject on Bigger Pockets.I agree with your CPA in all aspects and here is why.Running it through an LLC:  If this project comes in at a loss, how is your investor going to prove out their share of a loss or report it? 

I wasn't able to locate any via the search bar on my mobile device. please let me know if there's a better area either in or around Doylestown to attend a meeting in the foreseeable future.