@Lora Krulak I may be biased, but having a competent real estate focused tax professional on your team is a big one.

The hudson valley is a big area and taxes vary wildly. 

@Amber Forkey if the trash removal company is a C-Corp or S-Corp (or an LLC taxed as such), no need to send.

I'm in the Tahoe Reno NV area now and there are also solid single family that cash flow without the headaches of California tenant laws combined with low property taxes.

You are on the hook for taxes, insurance, liability claims, and the mortgage as an owner - none of that as the lender. 

Also I am looking for a tax professional in NC as this is all new to me.  

Ohio is also a landlord friendly state that offers low taxes and price-points.

Taxes are much cheaper than the city.

Get advice from a lawyer.

There are a few problems with what you said and how you are planning to go about filing taxes for your rental income.First, I think you meant your LLC is operating in a State that is NOT a “community property” State  As a result, you will need to file a LLC tax return with the IRS and State -> Yes, you are required to file The LLC tax return you file (I’d recommend getting help) will include an IRS Schedule K-1 for the LLC parters (you and your spouse).You will need to use these IRS Schedule K-1s to report your rental income and expense on your personal taxes return.