A CPA can help you understand your tax obligations as a rental property owner and identify any deductions or credits that you may be eligible for.

Hey, @Stacey Graham, I found this link below and it's what I've been going off of to try to get mine.http://pr.mo.gov/realestate-how-to.aspUnder Licensure you can find the eligibility requirements, exam information and fees. 

., is not eligible for the $250,000 tax exemption for sale of a personal residence for one reason or another)? 

Does this provide you confidence the market dynamics are more fundamentally sound in this cycle?  

Your eligible building has an unadjusted basis of $1,000,000 or less.I meet this one as well!

@Kyle EckertLooks like a solid deal with good fundamentals and alot of room to value add.

Most companies that insure multi-family dwelling in Personal Lines use 4 units at the cut off.  1-4 family are eligible and 5+ need to go to Commercial lines. 

The reason is that most lenders/banks would be looking to review your LLC revenue over the past 3 months (typically) in order to determine how much of a Line of Credit you would possibly be eligible for.

He works here in Texas and will be a great resource to help you with getting your Certificate of Eligibility (COE).

I assume and hope you and your tax pro are at least taking the safe harbor home office deduction if the goal is to avoid 1250 gain and you are otherwise eligible for a home office deduction.