. - The payments are now 60-90%, principal, which is great, except for tax reporting purposes in 2023 showing a profit.- 2024 almost much every possible repair imaginable was needed among the units, so the headaches and costs were compounded - now the properties are buttoned up for the most part and we'll probably show a loss for 2024 taxes.- We don't cash flow at all because we were bullish on the BRRRRs and also did some flip rehabs using some of that equity and pocketed it years ago. 

There are some exceptions to this but this is the general rule.The $150,000 hurdle shrinks to $75,000 if you are married but filing a separate return.Creating an LLC does not suddenly bypass this.In actuality, you created another filing requirement which your CPA will charge you an extra cost for. 

Here are some things to look out for to help you know who to take advice from when you are just starting out:(Note: There are exceptions to every rule.

Thank you everyone,  I appreciate all the help except for the first couple responses. 

this is exceptionally difficult to do. 

Except not nearly as high as claimed by this cost segregation vendor.

I have also been trying to find something in Puerto Morelos that’s near the ocean which you can’t seem to find in Tulum w the exception on Solemn Ocean, (where I am told the developers have too many projects going and do not deliver on time)that we may be able to trailer our boat down to however that is also quite expensive and I’m not sure about ROI in a less known area.

Except their customer service is only through email.

Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.

Not really sure what else to say except find better deals and or go to a different market.