I recently bid on a house the had sold for 115,000 and was held by an LLC.

New Mexico has an unfortunate law against prepayment penalties for DSCR Loans on 2-4 unit multi that requires higher rates, but they don't apply to 5+ and I've seen some people have success with that size range in NM

Since Sean and Zachary have already answered your questions, I will comment on your search for an accountant. 

Is there anything I need to do, or be aware of when buying an occupied property with section 8 tenants?

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

As it stands now, 1 bedroom co-op apartments in the area have an average sale price of $242,800 and a median sale price of $230,000.** Excluding sub $100K units from Jerome Ave., Plimpton Ave., and Anderson Ave.Assuming your unit's value is consistent with the average unit sale, you'd have a roughly $90,000 gross profit. 

I have a property in CA that I want to put into an LLC.A lawyer advised me to register my LLC in Nevada and then complete the foreign entity process for the LLC to also be registered in California, where the property is. 

@Josh E.To buy your first investment property in Tempe, connect with local real estate investors, research the market, analyze listings, find an investor-friendly agent, use BiggerPockets Rental Property Calculator, explore financing options, consider local market trends, consider property management, and build your network.

He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.

Columbus is definitely an appreciation play for sure.