Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Cost segs are one of my favorite tax planning tools yet the tax benefit is dependent on facts and circumstances.

I agree with you that it would be best to have both the company on the lease in addition to the tenant, we're just having a difficult time figuring out how to do that because of the language on our lease- It just used the word "tenant", so we're not sure how to clarify one party is financially responsible, while the other party will actually be residing there (tenant)-I"m not a lawyer so take this for what you will but I would not worry too much about the word "Tenant" in your lease.

We also retained a lawyer so the property won't forclose.

@Tom Puiia if you're only engaged for tax prep service with your current CPA, that may be why your expectations are not aligned with the service you're receiving.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

@Tanner Bundy Welcome to the forum, most the tax pros on this site work remotely and specialize in real estate investment.

Can somebody please point me to investor friendly tax preparer or CPA in Louisiana (Lafayette or Baton Rough) for service.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Would I be taxed on that money if I sold the shares and put it into real estate that same year?