I am looking for  referrals for CPA’s who have an expert knowledge of tax law and work  proactively to help clients leverage the tax system to meet their goals.

Of course, if it's that easy of an answer I probably should have been able to find the answer on my own and should probably be charged my stupid/lazy tax for bothering him with it!

Is sales tax registration required?

Hi Jason,Here's a few things I'd be mindful of:Separate Personal and Business Finances - get an EIN, open business bank account and use it exclusively for businessMaintain Documentation - keep records of all business transactions and contractsComply with Legal Formalities and Tax Regulation - adhere to all state specific regulationsIn terms of the STR and LTR, it's generally recommended to put them under an LLC by transferring ownership or quitclaiming.

One way or another, you will want to sell within 3 years after moving out so you do not lose the tax free gain on sale (up to 250k tax free gains for single and 500k for married).

Find out what is most important to your partner - is it tax benefits, guaranteed return,  split of the profits...

You should do something like this in cooperation with your accountant because you don't want to mess up your taxes and have to pay for something you shouldn't be paying for. 

The current rental income is $5,300/month, while our mortgage is $1,500/month, property tax is $600/month, property management costs $200/month, and maintenance expenses are currently unknown.We’ve utilized a HELOC from this property, amounting to $300,000, for renovating the basement and investing in a preconstruction condo and another property in a different city.

I have even had situations where I had to amend my taxes because the tax person screwed up.

LLCS are sometimes important to the states who won't let you homestead (get a tax break) a property in an LLC.