@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

My question is "when do they select those 1000 returns?"

Hey @Moshe Marciano, CA can be very difficult but you can find some areas that still allow it.More state wide regs are coming for 2024 that could affect payouts and such.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Either way, there are a wide range of tax consequences associated with big withdrawals from any of these accounts that can't be ignored.What is Your Current Plan? 

My wife and I heavily prioritized location when selecting our STR in New Orleans and it has made a big difference.

Plus you can be more selective of the tenants you rent to being an owner occupant!

My suggestion would be to select someone with the most forum posts or most reviews.

My only real estate experience is purchasing my own home, so I'm navigating a lot of new territory when it comes to financing, property selection, and management. 

They can take time with their search and be more selective about a property’s location and condition.