I’d connect with a lender to get pre-approved, a local real estate agent to find a good deal, and a maybe CPA to make sure you're taking advantage of the tax opportunities and get set up correctly for future growth.

A good tax/investor-minded CPA will usually model those 3 paths so you’re not guessing.

.), and it returns a full underwriting breakdown:Base / downside / upside returnsP&L, DSCR, CoC, sensitivity tablesFlood + insurance risk for FloridaNext-step checklist and “what would change my mind” summaryIt uses conservative defaults (7.11% 30-yr @ 75% LTV, 5% vacancy, 3% expense growth, etc.) and calls out when you should check with a CPA, appraiser, or attorney.You can try it here on ChatGPT by searching for “BRRRR Brain” in the GPTs section.TRY IT OUT HERE!

A real estate savvy CPA (not just any CPA) is the one to talk to for this. 

.- make sure you have a CPA who understands real estate.

Therefore it shouldn't affect your depreciation schedules.I'm not a CPA, so please enlighten us.

Keep that money liquid until your CPA confirms the final amount due next April.However, it’s worth considering a few strategies that could help reduce your tax bill now, like spreading out the gain over two tax years if the timing of your sale allows, or offsetting some of it through tax-loss harvesting from other investments.

Even if it comes from a CPA.

We work with a lot of CPA's that refer their HNW clients that pay too much taxes to us.

Just be aware of the filing requirements and possible taxes for each state, some states have franchise taxes or other fees for LLCs and S Corps.If you’re already paying 22% or more, an S Corp structure could potentially reduce self-employment taxes on any business income, but it might not change the tax treatment for the rental properties themselves.I’d recommend chatting with a CPA who specializes in real estate investing to fine-tune the details and make sure you’re not overcomplicating things.