Sure, unless you 1031 and defer the tax liability. 

Building a network of like-minded people can lead to joint investments and new opportunities.Now, consider the tax benefits.

Additionally, buy-and-hold investors can take advantage of tax benefits, such as depreciation deductions, to reduce their tax liability.House Hacking StrategyHouse hacking is a real estate investment strategy that involves purchasing a multifamily property and living in one unit while renting out the others.

I understand you can look at Zillow and leverage public county tax databases to find semi-accurate property tax numbers with comparables.

The issue you'll have is that if you want to defer all tax you must purchase at least as much as your net sale. 

What are all of the possible tax deductions when claiming a rental property?

Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests.

Plenty of other circumstances where this might be needed....bankruptcy sales, tax valuation suits, probate disputes, sales in business breakups, Treasury department sales.Hope that makes sense.   

I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend ~300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?

CPA advised us to start at LLC and buy our primary residence as an investment property and rent it to ourselves for tax benefits.