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!

I am looking into tax lien investing.

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've had the same tax guy for years but he retired last year (just when things were getting good lol) and now I really want to connect with someone who can not only do my taxes but tell me best how to move forward in real estate investing. 

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

One of the things that I'm running into,  is trying to figure out how to setup entity structures to avoid the $800 CA franchise tax fee for every LLC you open (regardless if it's in-state or out-of-state).

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.

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.

also where can I find lists of tax sales?

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.