@Chris Lin,Thank you very much for spending time with me on the phone last night. 

Hi Trent, to take on a project like that I would want to be very confident on the location.

You are still going to get the best rate possible with your significant down payment and with good credit I'm assuming.   

If losses strain your finances, selling might be the best move, but optimizing rental income or tax deductions could make holding worthwhile.This post does not create a CPA-Client relationship.

Total Quality Lending has received positive feedback from clients for their communication and efficiency, but it's always best to do your due diligence.

The problem is that we need to be careful with the word "passive" because it has a very specific meaning in the tax law, and it is not intuitive.For example, losses from rental properties are usually passive but not always, there are some exceptions.

What’s the best solution for them? 

We are at the feasibility stage and need help determining the best way forward for the land we have in Maricopa, Arizona.

If only tax expertise is what you need, an EA or a CPA with a tax specialty is your best bet. 

It is very expensive to miss filing dates, so file now.Remember, File ALL of your entities (Corp and LLC).Watch for updates on this.