Tax returns, no income even asked of!

Now I'm slowing getting all my tax docs ready for my CPA but I'm confused on how bookings in Dec 2023 affect my 2023 taxes.So for the bookings that happened at the end of last year Dec 2023 but didn't get paid out until Jan 2024, do I include these bookings/income for the 2023 tax year? 

I am inclined to ignore the letter because to me it seems like they are asking me to provide information that will raise my property taxes. 

In my opinion, I wouldn't worry as much about cash flow and just make sure your PITI (principal interest tax & insurance) less rental income is less than you would pay for rent in that particular area. 

I have a tax question to run by you before speaking to an accountant and paying a fee for that! 

Easier to do your taxes as well.....Search here about the need for an LLC when starting out or with just a few properties, usually not necessary or recommended (Except by attorneys-sorry Jason :-)

Maybe find something that looks a bit down or even empty, then start scouring the tax rolls.

Ensure your assumptions are cautious and factor in interest rate fluctuations, maintenance costs, insurance, and property taxes when running the numbers.

I was going to talk to CPAs, maybe attorneys, since I need to set up LLCs, do taxes, and advice in general regarding family/generational financial planning, but CFP may be a better route.

It’s a relatively stable and reliable market with above average growth and tax advantaged gains.