I’m looking for a real estate friendly CPA in the Central Valley California area (Tracy, Lathrop, Manteca, Stockton, Lodi, Modesto, etc) to help me with my 1st year of filing taxes for my LLC, taxed as S-corp.

For you investors that have ordinary income to write off let me tell you the greatest secret to minimizing tax liability, Cost Segregation.When coupled with zero down seller financed purchases the numbers get crazy.These numbers below are one of two parks I bought zero down with seller financing last year.This one park one year is a $140,834 write-off equal to $40,842 in tax savings and the second park is $14,000.I am projected to save almost $60,000 on two community purchases that I don't have any of my money invested into, they were true 0% down parks.Don't kid yourself, real estate is the best investment opportunity that exists.

My formula is not complex... something like this:High school rating > 8"(Estimated Rent x 12) - HOA - Prop Tax - Insurance @ 0.3% - Vacancy @ 5% of rent - Debt Service @ 8%" > 0I want to be able to customize the metrics, and find properties I can purchase as an investment.If anyone is an avid user of StockRover and their custom metrics, that is exactly what I am looking for - but for real estate. 

You can summarize your transactions yearly by SchE tax category to support tax filings.Hope that helps. 

I am self employed and run a trucking company so I write off my income to pay as little tax as possible.

How many of you have got your tax bill for this year?

Definitely worth chatting with a tax pro to make sure you're set up in the best way possible.

Put it on the market, take your (up to) $500k tax free gain and buy a no attachment rental if you want.

My current flow is 1) find a house that matches the configuration (X beds, Y bath)  in a certain neighborhood (Redfin or my agent)2) pull up rent data in rentometer / Zillow 3) run through my spreadsheet with expenses, taxes, insurances and etc I would love these to be automated.

But when I own a property directly, I view it as an active part of my portfolio, but given I am essentially willing to put $25k-$100k + personal liability on a mortgage into a single investment with a single tenant exposure and single point of failure potential, I want to make sure I see all that is going on.