We are looking for someone to help us file taxes (both for LLC and personal) for this year and try to mitigate any tax loses, but also who we can build long term relationship as we grow our portfolio.

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

The rest of my tax/income situation is very basic.

Buy as much liability as makes sense. 

It should not be considered financial, tax, or legal advice.

If you sell at a profit there are tax advantages.

Sometimes its smarter to sell due to the tax benefits our country provides (stepped up basis).

Adding a negligible amount of tax revenue through income?

I would speak to your tax advisor on ways to potentially avoid this.

Looking to acquire (initially) small, 2-4 properties outside of CA; focus on low-tax, high growth markets (e.g.