I had already subscribe to QuickBooks but this is to keep track of the rental expenses and everything else that quicken offers to be more organize for the rental expenses for tax purposes.  

Sales are public information and so are property taxes.

You should get a good CPA to help you with the breakdown and taxes.

I understand that when you purchase the replacement property, any difference between the value of your current property and the one being replaced will be taxed.

Financial sense for us would mean cash neutral or rental income covering the monthly carrying costs (property tax, mortgage interest, maintenance).Appreciate any input / guidance!

If I do minor renovations before I list it, are those tax-deductible?

Obviously sponsors / GPs have to deal with insurance, property taxes etc ,I would like to know if as an LP one can avail tax deductions for property tax , insurance maintenance etc.

If my tax preparer says I need something from all the platforms then I’ll worry about it but until then I’ll just go on about my business and report my rent to the IRS based on how much I know I receive from each tenant each month.

Then I paid the taxes and got the 10k back that I had paid for the tax lien. 

Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.