@Mark Bascetta There are a number of competent tax professionals commenting on the forums here.

Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?

Can anyone tell me what licenses I need and what taxes I'll need to pay?

Simply reducing the assessment and corresponding taxes reduces expenses and immediately increases the value.

I have done 35 mill worth of deals , own a PM co, have 12 admins, 25 or so contractors, have purchased props from tax lien sales, sheriff auctions, short sales and more, nothing I have not done .

Last two years of tax returns, credit check, pay stub, etc.

I am still trying to learn the bookkeeping/accounting side of it so that my CPA won't scream at me come tax time!

I'm a new Tax liens, deeds investor in the DC, MD, VA areas. 

Its hard to find cash flow in most of the suburbs due to the taxes being higher. 

Still some unincorporated areas so those would be county only tax, very rare to find oneEast Memphis 38117, generally solid, drops off a bit south of Quince.