Plenty of other circumstances where this might be needed....bankruptcy sales, tax valuation suits, probate disputes, sales in business breakups, Treasury department sales.Hope that makes sense.   

I had this conversation with many brokers, they only see risk/liability from these types of transactions. 

I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend ~300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?

We take the liability so you don't.    

CPA advised us to start at LLC and buy our primary residence as an investment property and rent it to ourselves for tax benefits.

But we are missing expertise the maximise our current and future tax position.

Some of the benefits of investing in real estate are given below:Investing in a tangible asset that has historically appreciated over timeSpread risk by diversifying your portfolioIt can be a source of passive income, with minimal effort through short and long-term rentalsReal estate investment properties have typically been resilient against inflationDepending on investment type, tax benefits can be availedThanks to these (and more) benefits, you’d think investing in real estate was a no-brainer, and in most instances, you’d be right!

As a newbie, my first question is around how to start out.What is the best type of business for Real Estate Investing to get the best tax break?

I’m wondering if there is any value that can be created here, or if there is it is likely more of a liability than an asset?

I think from a liability standpoint this is smart too because if you skip the restoration and just get a contractor in there....God forbid something happen down the road, you may be liable since you had knowledge that there was fire damage.