Many of these investors are using 1031 exchange tax benefits to transfer assets from higher priced markets to Boise.  

I am already into it for 75k for lot acquisition/taxes/demolition bringing my estimated cost total to near 525k... you can see where I am running aground.  

I want to put something defensible at least, but the motivation to bring down the numbers is strong.They ask strange questions like property book value at beginning and end of year and fair market value at end of tax year.

The series LLC avoids the issue of forming multiple LLCs and accounting for them at the end of the tax year.

Too often I have seen the true cost blurred by tax credit and other financial perks.

Additionally, if someone knows a great tax guy/gal, that would be swell.  

I am not very tax literate and have never filed for anything other than a W2.

Insurance is $50/mo and the taxes are $60/mo.  

I think this is partly due to property taxes that are higher in Texas due to lack of an income tax.  

You get potential cash flow, tax shelter and appreciation.