@Jason Thomas: Couple of easy things to remember:(1) You can rollover from a 401K to a Traditional IRA and then convert that to a ROTH IRA (There are some custodian where your IRA is setup to receive the funds, who will do this step automatically and as they call it "in-flight"(2) You can rollover from a 401K to a ROTH 401K (assuming that the plan allows you to do that) and then transfer to a ROTH IRA(3) You can transfer from a Traditional IRA to a 401K, but you cannot transfer from a ROTH IRA to a ROTH 401K(4) You can have your own Solo 401K, only if you have your own self-employed (directly or through your own firm -- not a third party employer -- yes I am simplifying this), and you can rollover from your employer to your own Solo 401K.(5) You can invest in real estate from any of the retirement plans whether it from 401K, Traditional IRA or ROTH IRA(6) You can have leverage on the real estate from any of the plans on the real estate so long as the leverage is non-recourse to you (or a disqualified party) personally(7) Generally, real estate with leverage within a 401K plan does not pay any UBIT on the income or gains, but the Traditional or ROTH IRA will pay such taxes.(8) You do not have covert the entire Traditional IRA to ROTH IRA account, or 401K to ROTH IRA, you can do this small amount at a time which you can calculate based on you specific situation.(9) You can do a conversion in-kind, and does not have to be cash, provided you have a fair market appraisal of the investment within the IRA or 401K just prior to the conversion.

I think my company is an excellent CPA form real estate investors, but I think we're a terrible law firm for real estate investors.Jim Kennedy, CPA

If you’re looking for a real estate investor focused CPA firm that is local in SoCal I’d recommend @Amanda Han at Keystone CPA.I’ve worked with her for many years and she is personable and knows her stuff plus their staff is very helpful.

I have noticed that several of the owners don't seem to enforce the lease very firmly.

I don't know what CPAs are still taking new clients for this year, but I can highly recommend @Daniel Hyman and his firm My Online Accountant, LLCI also know a great CPA based out of Baltimore, and another in D.C., not far from you.

If your relative is not wealthy they should check into Land of Lincoln or maybe it is Lincoln land law firm.

Hi BP,All the brand name CPAs like Provisions, Mark kohler or evne Clint Coon's firm charges around $8K-$10k for LLC real estate tax filing.

In a perfect world, this would work but he seems firm on 1 million. 

It may be more expensive up front, but once it's running, it will save you time and provide you with pretty solid insights.2) Or go the High Cost, High Value option - which would be hiring a CPA firm (specializing in RE) to build and run the system for you AND advise you along the way.

Thought I save a few bucks on CPA fees, and as it turned out, had I done it properly, the deductions I missed would have paid the fees several times over.From your narrative, it is hard to tell how you run the PM firm.