I had a pretty in-depth project involving SROs in Brooklyn a short while ago.

@Tom PuiiaI recommend finding an accountant that specializes in real estate taxation.

I am in New Jersey and currently looking for a RE attorney and an accountant to start creating my team. 

The city set up a water/sewer account for my friend, but now that this situation came up, they told him they won't be billing him for the sewer charges.If we can't get the situation rectified talking to the city utility department, where do we turn to next?

FHA loans, in particular, are popular for house hacking due to their lower down payment requirements.Given your partnership structure and your father-in-law's involvement, you might explore conventional financing, FHA loans, or other owner-occupied loans.

Rental assistance/payments will begin the date the property passes the inspection.There are landlords that do not like the Section 8 program or want to be involved with it, either due to a bad tenant experience (which can happen in or out of the program) or simply from stereotype or ignorance of the program. 

If you are managing a rental in any capacity, you will likely be a defendant in a lawsuit involving the property. 

If I didn't buy real estate that year, could I put the money back into the market through the LLC brokerage account and not have to pay tax on it there?

Can someone please tell me if you have to be a pro account member to list for sale by owner properties on BP?

Many of us accountants will actually run the numbers with you and we partner with engineers as mentioned.