Hello,I have a single family residential rental property in Inglewood that is about a block from the new SOFI stadium.

The subject property is zoned Neighborhood Conservation (NC). 

Apartment demand in the Phoenix area is high, the demand far exceeds supply at least for the product mix I have under management.

House hacked a couple of properties here and it changed my life. 

Fast forward twenty years and (maybe a $100M in cumulative real estate transactions later) and I'm still advising investors on asset management, typically focused on real estate as an agent OR mortgage broker, but conversely with clientele of my own age group with similar goals. 

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

I just have 5 units and am doing other work to help pay the bills in addition to doing all the property management myself (upkeep, repairs, cleaning in between tenants, mowing, finding & interviewing tenants etc).   

Great to hear about the pursuit of a multi-family property!

My interest rate is 7.1% so my mortgage is $1000 more than what this property can rent for right now now.

Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.