You can also trade up these properties quicker into other properties where you can force equity.

That in itself is a skill and a needed over head component to keep from having investors get very antsy and then take to SM because they are not getting their e mails returned that day or next .. 

If you have no money you can try to earn equity in a deal with your time (finding deals, managing the property, etc), or skill (learn a trade, get your GC license, etc) I read that book in Sept and wished I had read it sooner! 

The LTR passive losses are reported on Schedule E and are not applicable to W2 income as I am not a real estate professional and earned above a certain threshold. 

My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss. 

@Anthony KolbuszBRRRR method is a fantastic strategy, especially with your trade experience.

Then it has an expense tracker to compare budgets to actuals during project execution.  

This is a fully executed contract. 

I'm all for this strategy if you can execute and it's profitable.