You might want to get advice from an attorney or a CPA (or tax accountant) to help you decide what sort of company you should form.  

I am thinking of putting an offer in on a property that is listed on my county's tax foreclosure listing.

LOL.many in the fix and flip business though can get a nice tax deduction when buying a nice new truck they use in the business.But limiting debt to your personal resi.. 1 car for you one for spouse.. and then NO other consumer debt ever .. is a good recipe.. 

Examples could be pre-foreclosure, tax lien, loss of job, death in the house/family, divorce, high medical bills, drugs, rental property gone bad, or anyone that was diagnosed with a severe medical condition.

But yes, it may be a good idea to minimize your future capital gain taxes.

Currently saving up money and thinking of going the live-in multi-unit route along with possibly some tax lein investing back in Indiana.  

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

I am now interested hiring accountants or lawyers who have experience working with real estate investors and are familiar with best practices to reduce taxes and protect investments.

I saw the tax return I/E report owner sent me.. the income on tax return seems to be much lower than the report sheet he given me...the broker stated sometimes there is cash rent transaction between tenant and landlord that not showed up in tax return...how can I vertified this?

And my mistake, several of the returns were not probates (which, I imagine, provide solid addresses since they're updated at the time of filing), but were, in fact, tax foreclosures.