Is this even practical?

I would argue that if a investor puts a deed in a land trust, he is simply taking advantage of the law not committing a fraud. 

Generally as these things go, you get what you pay for.I don't know your state laws so I would talk to another accountant if you were already unhappy with that one, but that being said your accountant might be actually doing his job and referring to the South Dakota Contractor's Excise License.  

I'm in the process of educating myself and want to know if there is a good way to practice running the numbers and evaluating properties.

But when I do my projections, I always assume the increase in Expenses will be higher than the increases in Rents.Therefore, in my particular calculations, it is always very conservative.Also note that even if my Mortgage payment throws me negative in the 1st year and EVEN if the Expense Increases are higher than my Gross Rent Increases, I will still get increasing cash flow.Given this scenario, you will not that I start out NEGATIVE $133 per month but wind up POSTIVE $1,684 per month.AMAZING when you do the 10 year projections and doubly amazing when you actually put it in practice over 10 years.Keep in mind this is COMPLETELY COUNTER-INTUITIVE and yet it's all about the Math.Again, most people (probably 90% or more) will not realize the effects of this until they do the Math.......

Under the newest tax laws that just came into play in December, an individual can gift or die with a combined $11.18M before being subject to transfer taxes (and $22M per couple with portability or split gifts). 

. - Any law for safety ?

Because of the law changes you must make them two separate documents.

We are just practicing but if someone is interested this doesn't look like a bad deal.

technically yes.. in practice rare..