The tax code is verry complex and everybody even accountants will tell you different opinions as to what is right and wrong.

You'll also need to consider ongoing costs like maintenance, taxes, and possibly financing. 

.- If I deduct the depreciation for tax purposes, I can't add the flooring cost as an improvement to the cost basis when I sell the property down the road correct?

The flood insurance is offset by $600 yearly taxes, but I am having a hell of a time trying to sell it at $93k.

Yes, he's gotta report that rental income on his taxes.

I have recently consulted with both WealthFactory and Wealthability regarding tax and wealth planning.

My tenants are asking for my personal address for their taxes...I have only 1 property and am very new to being a landlard.

That sounds like capital gains tax on $63k-$113k depending on sales price and closing costs. 

In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties?

With individual LLC's you can handle your taxes on your own.