I'd start there, and they can usually refer you to a CPA well suited to your situation - in this case with some expertise in real estate.

There is so much bad advice out there and on this site; it is hard to pick just a few...You need an entity before you start buying real estate.Entities protect you from personal liability.You don't need a lawyer (or CPA), you can use off the shelf forms from Staples or such and such guru for that.Stay out of the stock market.Stay out of real estate.Stay out of lending.Stay out of angel investing and venture capital.Quit your day job and focus on making your investing your job.Keep your day job and forget about that investing nonsense.Follow Kiyosaki's investing and financial model.

I have purchased appliances and not used or claimed them until the following tax year (After close) and then put them on a 5 year deprecation schedule as per My CPA's advice, the following tax year.I'd make pretty sure that You had a need for them, if the close fell thru.

@Tonya KerstThere are many opportunities in the business of Real Estate:Realtor, Broker, Loan Originator, CPA (Real Estate Focused), Attorney (same), Inspector, Contractor, Landscaper, Investor (and all that encompasses).

I usually do taxes by myself but open to going to cpa.

Anyone have a CPA in Northern Oakland County that has experience with REI?

Consult a CPA or tax attorney for real answers. 2.

If there is another member of the LLC, then the LLC isn't passed through to you.DISCLAIMER: Neither an attorney or a CPA, just speaking from my own interactions here.The LLC is flexible in that you can pass through the income to your personal returns similar to a S-Corp, or you can elect to file it as a company separately.

The LLC has tax benefits over a C Corp.As for where to form, you might want to check with your CPA or attorney, but I think forming in IN where it's less expensive and quicker would be a better idea.

Should I go find a CPA or real estate attorney?