So for example I'm very conservative and don't want any debt on them because I feel this hardens them in case of a severe recession.

I'm also a realtor. with the real estate professional tax status.

My brokerage sends a weekly rate sheet for typical debt sources for multifamily and commercial assets (bank, agency, cmbs).

Mgt, Landscape/Snow, tax, insurance, utility then debt service. 

You will lose ALL tax benefits and owe all the capital gains that would have gone away. 

you need to dodge capital gains and foreign buyer tax.. you should consult a tax expert..If I was in this situation I would just sell (not advice) and buy a cash flowing mobile home park in the midwest

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

When it comes to your 1031 exchange the LLC really isn't the issue.The IRS cares about which tax return reports the activity of the property.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

At a high-level, I'm looking for a single page that will show the entire health of the property, from income/expenses, to debt coverage, capex, ROI, etc.