BEST ANSWER
FIRST ANSWER
I would locate a CPA, not an accountant. You don't really need a lawyer unless you don't want to do some research yourself. Nolo Press in Berkley publishes a very good landlord/Tenant book. I used it for advice when I was buying rental property.
Residual income property has good tax advantages depending upon your tax bracket. Are you looking for income, appreciation or tax relief?
Now is a great time to acquire rental property. I don't have names in Ripon but do know a good CPA in Stockton. If you need further assistance, call me at 209-815-3387 or email larry@caldsl.net
Fri Mar 14 2008, 22:03