Franklin County is doing a mass re-appraisal process for property taxes in 2023.

I glanced at your numbers and the property taxes are about $2k per year.

Hi,I'm looking for a CPA to give advice on a tax situation in the southwest suburbs of Chicago.

@Brian Eastman    Thanks Brian for your response.Being in California, the $800 annual tax on the LLC isn't great, but I'm willing to pay it if we need to go the LLC route.

Most of the specialty cost seg providers will do an upfront analysis and give you a range of the potential deduction and take into account your federal and state tax bracket to determine the tax benefit.  

City permit means nothing, it's just a tax.

@Ivan ChirollaThis is not a black and white matter, and would be best addressed by speaking with an ERISA Tax attorney.Technically, a parent in-law is not a disqualified person to an IRA. 

Sure, unless you 1031 and defer the tax liability. 

Building a network of like-minded people can lead to joint investments and new opportunities.Now, consider the tax benefits.

I understand you can look at Zillow and leverage public county tax databases to find semi-accurate property tax numbers with comparables.