Quote from @Alda Watlington: I have a property that I deeded to my S-Corp, my accountant didn't advised an LLC.

@Bryce PowersReach out to a few of the accountants here on BP that specialize in real estate taxation and see who you connect with.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Montero, Marine Corps veteran and founder of Summit Legacy Holdings, a California-based holding company focused on building long-term wealth through BRRRR real estate investing, land acquisition, and sustainable development.I started my credit and financial journey with very limited resources, using small tools like the Self App, disciplined credit building, and consistent vendor accounts to position myself for real estate investing.

Eventhough TX and TN do not have a state income tax, you may have to file an LLC Tax return in those states.Best of luck!

Most of us underestimate property taxes (I did too).

Basically, these accounts let your investments grow tax-deferred—or tax-free if it’s a Roth—so you get to keep more of what you earn.A good place to start is by opening the account with a custodian or provider, and it’s worth chatting with a financial advisor or even a life insurance agent to make sure it’s set up the right way.

We're looking at tight margins but probably better than the bloodbath we'd experience with a $180k boot tax bill. 

Should we make the transition now of wait it January 1st (to help with keeping the tax accounting clear?

You will likely need your own system to capture the rental information along with costs that you pay for separately(Utilities, bank fees, interest, taxes, insurance, etc)If you have one property, I would prolly just use excel, especially if you have a PM company managing the property.

We have an account with datatree and propstream which both show property taxes on a property.