Includes free dropbox storage where you can store your quicken backups for extra protection.

Your question however is about your local property tax assessment which has absolutely nothing to do with anything IRS, including 1031 exchange.So remove all of the irrelevant parts in your story and distill it to your question.

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

@Chris Seveney, as I am continuing to learn, I would not totally rely on audited financials, UNLESS, the audit goes all the way down to the property entities themselves and are auditing the cash flows from tenant payment through to full investment level, including owner contributions and distributions.  

Screening of tenants is one of the most important thing.

So, the profit is taxed as ordinary income, including self-employment tax.Hope that helps. 

It's a red flag that they are attempting to distract you from your screening process.

I finished my MBA in finance, which included accounting courses, so I thought I know enough about accounting, especially depreciation,1031's, taxation that I can handle doing accounting and filing taxes myself.At the time, I've been advised that I should have good CPA's and tax advisors if I'm engaged in so many businesses.

Yes, this includes internet.

I have not had a W2 in decades and am able to get financing just fine.Next there are reasonable opportunities everywhere, including LA.