If we are checking property tax records, should we not buy a home where different LLCs (investors) have owned it and sold it every 2 to 3 years?

Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120.

The accounting system allows you to keep track of costs like mortgage payments and amortization with insurance and taxes as well as part of the asset management. 

@Raheem Mills so please check with your accountant as tax laws have changed.

The way that I think about it is that these losses are future tax benefits.

Even at 280 it leaves you at $32k and after taxes brings you down in the low-mid 20's, with no hiccups.

As someone else stated, once you own a property in SC your property taxes will be about triple that of an owner occupied person!

Also, I can 1031 exchange some of my rentals that I have had for 25+ years and defer the taxes. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).