HUD reported FMR's have been above market rate rents and folks have definitely been trying to push the limits with how high they can get them. 

Make sure to study the buyer your trying to target...but you already know that.Hope that helps 

There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

After the raise, if the issuer has sold passive interests in a company such as a limited liability company, the LLC Act of the state where the entity is formed may have additional laws regarding fiduciary obligations, fraud, misrepresentation, good faith and fair dealing, that may also be applicable if management knowingly conceals material facts from the members.

Take time to study the specific neighborhoods where you want to invest.

Here is some context on the two possible obstacles I see:Zoning - The area is legally limited to single family homes, as in 1 and only 1.

Does anyone know if you can use a cost segregation studies for STR properties that you may have outside the US (and use it against your US W2 income)?

It seems really limited to searches on a street by street, parcel by parcel basis. 

So it depends on the amount of the equipment.I have a CPA handling my taxes, and years ago, he set a $1,000 limit originally for deducting equipment which had been increasing over the years, so I no longer ask him annually.

You have done well thus far but in order to continue to grow you will have to grow past your limitations, TIME and CONTROL.